While agriculture profits are up 28 percent nationally this year to just over 100 billion dollars, Georgia farmers are experiencing more mixed results. Georgia’s extended drought has challenged key crops this year. In 2010 Georgia led the nation with 44% of peanut crop yields. But according to the U.S. Department of Agriculture, Georgia peanut production slid by 18% this year
An Illinois real estate company has purchased the former Cooper Tire and Rubber Company plant in Albany for $8.5 million. Ray Kaye, executive vice president of Hilco, confirmed the purchase Wednesday and says the company is already working with prospective tenants.
The federal government is awarding $18 million in nationwide grants to get more young people into farming. In Georgia, two organizations will spend that money to boost—and create—new programs. The USDA says the average age of a farmer is 57 years old. And to keep the food pipeline sustainable, the nation needs more young people to get into the business.
The Georgia Ports Authority is expanding the Port of Savannah's refrigerated storage space for poultry and other cargo that needs to be kept cold. The agency's board approved the $4.75 million project Monday. It will consist of 20 container racks, each four stories tall, that will power refrigerated containers.
Friday night football is a tradition in Georgia communities. And it’s not just a big deal for sports fans. It’s also big for local businesses. Folkston is one such example. The town of 2,800 people is in southeast Georgia, between Waycross and the Florida line. And when the Charlton County High School Indians play home games, the community comes alive.
Delta Air Lines Inc. is laying off 200 workers, most of them at its headquarters in Atlanta. The world's second-biggest airline said in July that 2,000 workers were taking voluntary buyouts. It is cutting its fall schedule more than expected and has said it needs to reduce costs to match. Airlines have been coping with unusually high fuel prices and lukewarm demand from business travelers.