By The News Service of Florida
The Florida Citrus Commission could see a $1 million increase in revenue after a new forecast of this season’s citrus crop. The commission, which oversees the Florida Department of Citrus, increased revenue estimates Wednesday after the U.S. Department of Agriculture released its first forecast for the growing season, which started in September.
The commission’s budget is based, in part, on what is known as a “box tax” on growers. When the commission approved a $23.4 million budget in October, it based box-tax revenue projections on the industry producing 11.6 million boxes of oranges, 1.2 million boxes of grapefruit and 350,000 boxes of specialty fruits. But the U.S. Department of Agriculture forecast, released this month, put orange production at 12 million boxes, grapefruit production at 1.2 million boxes and specialty fruits at 400,000 boxes.
The increases in the forecast over the numbers used in the commission-approved budget is expected to lead to $1.049 million in additional revenue, which will be initially directed into reserves.
Citrus Forecast Leads to Revenue Bump added by The News Service of Florida on
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I got the sweetest Satsumas I have ever had this year; I had to prop the limbs up there were so many. I think it was the lack of rain that made them so sweet.
Great News BUT, after the Hurricanes wrecked the Citrus Industry, didn’t the Florida Citrus Commission tell us that it may never recover?