Agricultural Marketing Service recommends increased assessment rate for Florida citrus
The Agricultural Marketing Service is recommending an increased assessment rate for citrus fruit grown in Florida
The Agricultural Marketing Service is recommending an increased assessment rate for oranges, grapefruit, tangerines and pummelos grown in Florida.
The proposed assessment rate would be $0.02 per 4/5-bushel carton of citrus handled for the 2017-18 and subsequent fiscal periods. The increase from the current rate of $0.009 is due to a smaller crop forecast after hurricane damage and committee expenses.
The committee met on June 29, 2017, and recommended maintaining the previous rate, which was set beginning in the 2013-14 fiscal year. However, after significant damage to the industry from Hurricane Irma, the committee met again in November to discuss a revised crop estimate for 2017-28. The revised estimate was 2.6 million cartons less than the original estimate. The committee voted to increase the assessment rate to meet budgeted expenses without having to draw from reserves.