Here's an example of the kind of information that can be both exciting and disappointing - forecasts of the future of the citrus and avocado industries and many other fruit and nut crops. The latest forecasts are available form the USDA - Economic Research Service:
Wednesday, April 24, 2019
Imports play a significant role in meeting the U.S. demand for avocados. Since the mid-1990s, imports of avocados have grown sharply as per capita consumption has grown, representing 87 percent of domestic use in the 2017/18 marketing year. USDA forecasts that imports will make up an even larger share of supply in 2018/19, mainly because California's crop is expected to be smaller than in recent years. Contributing factors to this reduced crop include record-breaking heatwaves in July 2018 followed by record-breaking wildfires, as well as recent rains and cold weather, and the general alternate-year-bearing nature of avocado trees (whereby a large crop one year is followed by a smaller crop the next year). Because over 80 percent of all U.S.-produced avocados each year are from California, California's low harvest in 2018/19 should boost U.S. demand for imported avocados (especially from Mexico) even higher than it has been in recent years. If USDA's forecast is realized, imports in 2018/19 will represent 93 percent of the domestic avocado supply. This chart appears in the ERS Fruit and Tree Nuts Outlook newsletter, released in March 2019.
Fruit & Tree Nuts
Provides current intelligence and forecasts the effects of changing conditions in the U.S. fruit and tree nuts sector. Topics include production, consumption, shipments, trade, prices received, and more.
Can the past foretell the future?