Open AccessPlanting New Citrus Groves in Florida in the Era of Citrus Greening
Author(s) -
Ariel Singerman,
Marina Burani-Arouca,
Stephen H. Futch
Publication year - 2019
Publication title -
edis
Language(s) - English
Resource type - Journals
ISSN - 2576-0009
DOI - 10.32473/edis-cg099-2019
Subject(s) - greening , profitability index , sowing , investment (military) , production (economics) , agroforestry , tree planting , economics , agricultural economics , business , horticulture , environmental science , biology , ecology , finance , microeconomics , politics , political science , law
In this article, we summarize the results of an analysis to examine the profitability of three tree densities under different production and market conditions. We found that establishing a new grove with a tree density similar to that of the state’s average is not profitable under current market conditions. In addition, such density only attains a modest return under potentially higher prices. Despite the higher level of investment required for planting higher-density groves, such investments are profitable under the assumptions and scenarios analyzed. Our results should prove useful to citrus growers looking to invest in alternatives that have the potential to improve their profitability.