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January 17, 2014

Georgia Ag Forecast set in Bainbridge

TIFTON — Row crops are the heart of agriculture in Bainbridge, Corn, peanuts, cotton and soybeans are what producers grow most in this southwest Georgia city, located just minutes from the Florida stateline.

 This year’s forecast for these crops will be among the topics of discussion at the Georgia Ag Forecast seminar set for Bainbridge on Jan. 30. Industry leaders, financial consultants and farmers in southwest Georgia will have an opportunity to learn more about the latest trends developing across the agricultural landscape from University of Georgia experts.

 Check-in at the Cloud (Decatur County) Livestock Facility is at 7 a.m. with breakfast beginning at 7:30 a.m. The seminar will follow from 8 a.m. to 9:30 a.m.

 “Bainbridge is a good location for the southwest corner of the state. Each region has some uniqueness to it in terms of productivity, types of soils, environmental and markets. Bainbridge is certainly a big area in terms of water resources, irrigation and having corn,” said Nathan Smith, an agricultural economist with the UGA Extension. Smith will serve as a guest speaker during the morning meeting.

 According to the UGA Farm Gate Value Report, Decatur County was fourth in the state in corn production in 2012 at $22.6 million in value. The revenue was generated off 13,000 acres. However, due to increased acreage across the state last year, corn is expected draw lower prices, according to Smith.

 “We’ve already seen corn in a decline, as far as price goes. It’s been a downward trend. I think there’s opportunities on the demand side (however) to see demand grow because of the lower prices,” Smith added.

 This will mark the second year the Ag Forecast series has visited southwest Georgia. The event is designed to provide agricultural industry personnel with information about the upcoming season and what to expect from the different commodity markets.

 

The UGACollege of Agricultural and Environmental Sciences, Georgia Farm Bureau and the Georgia Department of Agriculture sponsors the annual seminar series. Last year almost 1,000 business people, farmers and community leaders attended the events.

 

Each year the six half-day programs bring together agricultural economists and economic development experts from around the state to give producers and business owners a preview of what they can expect from the market in the coming year.

 

“This meeting helps them in planning and  outlook information. It gives them the opportunity to have that information to factor into the decision making in what to grow and how much they’re going to dedicate on their farm to certain crops or commodities,” Smith said. “What are the potential risks that could be faced this year, particularly marketwise?”

 

Registration for the seminar series, which begins Jan. 24 in Macon, is open at www.georgiaforecast.com.

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