Amanda Smith video

Amanda Smith video


[ Background music ]>>Amanda Smith:
I’m Amanda Smith and I’m an Extension Economist and
also an instructor in the Agribusiness degree here at
the University of Georgia Tifton Campus. I work primarily in
Production Economics. So looking at how much it costs
growers to grow their peanuts. So I’m really involved in
revising the annual UGA Peanut
Enterprise Budgets. We’ve got those for irrigated
peanuts, non-irrigated peanuts, as well as two different
tillage methods. We actually have
four budgets. There’s conventional tillage
or strip-till, and of course, irrigated and non-irrigated
for both. So, very involved with that. And I figure out how much
it costs growers to grow their peanuts. It is; peanuts
are very expensive. We like to say they’re really
capital intensive because they require specific
harvest equipment; and you know, in terms of
how you dig them, you’ve got to have a special implement
or machine for that; and how you pick them as well
is a special peanut combine. You can’t use that
for other crops. So it’s expensive from
that stand point. Also, it’s pretty intensive
in terms of the inputs. Now, we don’t have to apply
a lot of fertilizers to them because they are a nitrogen
fixating crop. They’re a legume. But we have to treat the land
with maybe lime or gypsum every three years or so because that
calcium is really important. And also because they grow in
the soil, we need to make sure that we use appropriate chemicals
to make sure that we don’t have any pest problems,
disease problems, and, of course,
weed problems. So, they’re also pretty intense
in terms of the inputs as well. This is Amanda Smith. Absolutely. So, I work really hard to
educate county agents about, of course, costs of production
but I also talk to them about some farm business
management issues. Maybe they’ve got a grower who has been into their
office and saying “Hey, I’m looking at leasing
some land to an operator. Maybe retiring from production,
I’m not going to grow this year but I want to lease it to
someone else and keep it in agriculture. So, are there
contracts available? What are some things I need to
know as lessor to make sure that I’m protected and we’ve got
land rent value set right and things like that?” So, I’ll do trainings for county
agents to educate them about the various farm business
management issues. We also have a peanut agent
in-service training where I’ll go through the Enterprise
Budgets with them in terms of the Peanut Enterprise Budgets and,
of course, the crop comparison tools so they know how to use
the Peanut Price Calculator which helps growers figure out
their weighted average price for peanuts that they’re
actually going to get. [ Background music ] © 2015 University of Georgia College of Agricultural and
Environmental Sciences UGA Extension Office of Communications
and Creative Services

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