FLORICULTURE AND NURSERY CROPS OUTLOOK -- SUMMARY September 4, 2002 Approved by the World Agricultural Outlook Board --------------------------------------------------------------------------- This SUMMARY is published by the Economic Research Service, U.S. Department of Agriculture, Washington, DC 20036-5831. The complete text of FLORICULTURE AND NURSERY CROPS OUTLOOK (ERS-FLO-1) will be available about 1 week following this summary release. --------------------------------------------------------------------------- FLORICULTURE AND NURSERY SALES UP 1 PERCENT TO $14 BILLION U.S. floriculture and nursery crop sales, based on growers' wholesale receipts, are projected at $14 billion in 2002, a 1-percent increase from 2001. This growth by the industry is in line with a weaker U.S. economy. Floriculture and nursery sales correspond largely to growth in key economic indicators: new private housing units completed, the number of U.S. households, and disposable income. Trade is an additional factor that determines domestic production. Increased imports of cut flowers influence domestic cut flower production and sales, while imports of other floriculture and nursery crops do not have a comparable impact on domestic growers. The $14 billion in floriculture and nursery sales in 2002 are the sum of $9.2 billion in nursery crop sales and $4.8 billion in floriculture crop sales. Total floriculture and nursery sales are up from $9.3 billion in 1992, a 50- percent jump in a decade. Over the same period, nursery crop sales increased 46 percent while floriculture crops rose 58 percent. These 2002 estimates correspond to $129 per U.S. household in floriculture and nursery sales, $85 in nursery sales, and $44 in floriculture sales. END_OF_FILE