Florida orange crop estimate drops again
Florida orange crop estimate drops again
The U.S. Department of Agriculture lowered its estimate of the 2015-16 Florida orange crop by 7.5 percent, or 6 million boxes, to 74 million boxes. The final 2014-15 Florida orange crop tallied 96.7 million boxes.
The USDA dropped 3 million boxes off early-mid varieties, now pegging them at 37 million boxes and 3 million boxes off Valencias, which put that variety at 37 million boxes as well.
"The lower estimate is a stark reminder that the Florida citrus industry is in the fight of its life," Michael W. Sparks, executive vice president and chief executive officer of Florida Citrus Mutual, said in a press release. "It also shows how desperately we need more trees in the ground to help maintain the existing infrastructure.
"Therefore we are asking Congress to support a tax measure put forth last week by Rep. Vern Buchanan (R-16) that would incentivize growers to plant more citrus trees," he said.
On Friday, Rep. Buchanan introduced the Emergency Citrus Disease Response Act (H.R. 3957), which allows growers to immediately expense the cost of planting new citrus instead of the standard 14-year depreciation period under the current IRS rules. The tweak to the IRS code is designed to increase slumping production. It would be available for 10 years.
Florida growers are now battling citrus greening, or HLB, a bacterial disease vectored by the Asian citrus psyllid. It attacks the vascular system of a tree and can kill it within two years. Citrus greening is endemic to Florida and has reduced production more than 50 percent over the past decade.
The USDA's estimate of the 2015-16 Florida grapefruit crop decreased 100,000 boxes to 12.2 million boxes and specialty fruit dropped 50,000 boxes to 2.15 million.