Featured Research

from universities, journals, and other organizations

Peaches can be profitable in three years: Researcher to growers

Date:
January 29, 2014
Source:
University of Florida Institute of Food and Agricultural Sciences
Summary:
As citrus growers search for alternative crops, they may find economic potential in peaches.

Florida peach growers, some of whom are looking for an alternative to citrus as greening takes a toll on that crop, could see a small profit by their third year of operation, a UF researcher says.

Greening, a disease first found in Florida in 2005, has led to $4 billion in lost revenue and industry-related jobs since 2006 for the $9 billion-a-year citrus industry.

As some farmers turn to peaches, they want to know how long before they turn a profit and how long they can sustain that profit, said Mercy Olmstead, assistant professor in horticultural sciences at UF's Institute of Food and Agricultural Sciences. Growers should see steady profit through years 10-12, when the tree starts to decline in the South.

"This is good news," she said. "It is typically seven years before you get a commercial crop on citrus and probably eight before you are profitable."

Olmstead co-wrote a paper that created four-year peach orchard budgets and growing operation plans with former UF doctoral student Kim Morgan, now an assistant professor in agriculture and applied economics at Virginia Tech.

Florida peaches go to market earlier than others around the nation, giving growers here a leg up on national competition, Olmstead said.

Growers invest about $11,600 in a peach orchard during the first two years before they see a profit, with a third-year income of about $10,150 per acre, with $8,342 in grower costs, for a profit of about $1,800, , she said.

A 2011 Florida grower survey showed peaches grown on about 670 acres, according to the paper. Another 300 to 400 acres were added in 2012. Those acres are now producing about 4.5 million pounds per year, at an estimated value of $6 million, the paper says.

While an assistant professor at Mississippi State University, Morgan interviewed 26 of the estimated 40 Florida peach growers and then created four-year budgets and operation plans for the growers. The growers had varying amounts of experience, from just having established an orchard to five or more years' experience, Olmstead said.

The budget plans included prices of pest sprays, tree costs, fuel, repairs and more. Morgan presented her paper last summer at the Proceedings of the Florida State Horticultural Society, and it is online at society's website, http://www.fcla.edu/fshs.


Story Source:

The above story is based on materials provided by University of Florida Institute of Food and Agricultural Sciences. Note: Materials may be edited for content and length.


Cite This Page:

University of Florida Institute of Food and Agricultural Sciences. "Peaches can be profitable in three years: Researcher to growers." ScienceDaily. ScienceDaily, 29 January 2014. <www.sciencedaily.com/releases/2014/01/140129114616.htm>.
University of Florida Institute of Food and Agricultural Sciences. (2014, January 29). Peaches can be profitable in three years: Researcher to growers. ScienceDaily. Retrieved July 23, 2014 from www.sciencedaily.com/releases/2014/01/140129114616.htm
University of Florida Institute of Food and Agricultural Sciences. "Peaches can be profitable in three years: Researcher to growers." ScienceDaily. www.sciencedaily.com/releases/2014/01/140129114616.htm (accessed July 23, 2014).

Share This




More Plants & Animals News

Wednesday, July 23, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Michigan Plant's Goal: Flower and Die

Michigan Plant's Goal: Flower and Die

AP (July 22, 2014) An 80-year-old agave plant, which is blooming for the first and only time at a University of Michigan conservatory, will die when it's done (July 22) Video provided by AP
Powered by NewsLook.com
San Diego Zoo Welcomes New, Rare Rhino Calf

San Diego Zoo Welcomes New, Rare Rhino Calf

Reuters - US Online Video (July 21, 2014) An endangered black rhino baby is the newest resident at the San Diego Zoo. Sasha Salama reports. Video provided by Reuters
Powered by NewsLook.com
Shark Sightings a Big Catch for Cape Tourism

Shark Sightings a Big Catch for Cape Tourism

AP (July 21, 2014) A rise in shark sightings along the shores of Chatham, Massachusetts is driving a surge of eager vacationers to the beach town looking to catch a glimpse of a great white. (July 21) Video provided by AP
Powered by NewsLook.com
$23.6 Billion Awarded To Widow In Smoking Lawsuit

$23.6 Billion Awarded To Widow In Smoking Lawsuit

Newsy (July 20, 2014) Cynthia Robinson claims R.J. Reynolds Tobacco Company hid the health and addiction risks of its products, leading to the death of her husband in 1996. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:
from the past week

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins