A study conducted by the University of Georgia found that 82% of farmers have seen their revenue decline due to the coronavirus pandemic. The findings released this month come from a May survey of more than 800 farmers in Georgia.
The report says some farmers are seeing their revenue decline by more than $8,000 a week and others anticipate an annual loss of nearly $50,000. The study says the livestock industry was hit especially hard by the virus outbreak. A state official told The Valdosta Daily Times that the industry has “rebounded a little bit” but depressed prices still present a problem.