🍊Texas Citrus Industry Sees Assessment Rate Increase for 2024-2025
Oranges and Grapefruit Grown in Lower Rio Grande Valley in Texas; Increased Assessment Rate
Summary
This final rule implements a recommendation from the Texas Valley Citrus Committee (Committee) to increase the assessment rate established for the 2024-2025 and subsequent fiscal periods from $0.03 to $0.04 per 7/10-bushel carton or equivalent of oranges and grapefruit grown in Texas. The assessment rate will remain in effect indefinitely unless modified, suspended, or terminated.
Agencies
- Agriculture Department
- Agricultural Marketing Service
Business Impact
$$ - Med
The document announces an increase in assessment rates for citrus handlers, which will impact costs for producers and handlers in the Texas citrus industry. The assessment rate will rise from $0.03 to $0.04 per 7/10-bushel carton, generating additional revenue to cover budgeted expenses and replenish reserves, affecting financial planning and compliance for businesses.