//Florida Growers Stand to Lose Millions
Florida Growers Stand to Lose Millions, Our Town Sarasota News Events

Florida Growers Stand to Lose Millions

Depending on how the NAFDA agreement finally rolls out Florida growers stand to lose up to $389 million.

The estimated changes in select Florida grower revenues due to Mexican import competition are summarized in
Table 1. Under the 25% import growth scenario, total losses by Florida growers for the three selected crops would
be $88 million, including $52 million for tomatoes, $23 million for strawberries, and $13 million for bell peppers,
which represent 15%, 7%, and 8%, respectively, of the average production values over the last five years. These
losses are attributable entirely to depressed prices. Under the 50% import growth scenario, losses by Florida
growers would total $266 million, with $104 million for tomatoes, $137 million for strawberries, and $25 million
for bell peppers, or 29%, 40%, and 15%, of baseline production values. Under this scenario, losses are attributable
to both depressed prices and abandonment of unharvested crops due to low market prices. For example, it was
projected that strawberries would be abandoned during the last five weeks of the season. Under the 75% import
growth scenario, losses by Florida growers would reach $389 million, including $171 million for tomatoes, $180
million for strawberries, and $38 million for bell peppers, or 48%, 53%, and 22%, of baseline values. Again, these
losses reflect both depressed prices and abandonment of unharvested crops due to low market prices. Strawberries
would be abandoned during the last six weeks of the season in this scenario. Source: University of Florida