Georgia Ag Forecast Positive and America's Largest Landowners
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**A positive takeaway from the 2024 Georgia Ag Forecast held last week in Tifton is Georgia’s chances of experiencing a recession this year are only about 33% compared to the U.S. having a higher probability of just under 50%.
www.gfb.org reports, Georgia’s economic development successes, stronger demographics, resilient labor market and having households in strong financial health are reasons UGA agricultural economists think Georgia will only see an economic slowdown instead of a recession.
www.gfb.org/news/ag-news/post/ag-forecast-features-economic-outlook-farm-bill-update-farmer-of-the-year
**The Land Report Research Team issued a report detailing America’s largest landowners and, as of 2021, America’s largest landowner is Red Emmerson.
The Emmerson family owns just over 2.4 million acres in California, Oregon, and Washington through their timber company, Sierra Pacific Industries.
They surpassed Liberty Media Chairman John Malone’s 2.2 million acres.
The third biggest landowner is CNN founder Ted Turner with 2 million acres.
**The CattleFax Outlook Seminar at last week’s 2024 Cattle Industry Convention and NCBA Trade Show in Florida shared expert market and weather analytics.
The smallest beef cow inventory in the last 50 years, coupled with historically strong demand, led to the highest average fed cattle and calf prices in 2023.
As reduced cattle numbers and beef production continue, leverage and profitability will continue to favor cattle producers.
