Economic Analysis

CitruSaver Fertilizer Economic Analysis By Alan Hodges, Ph.D, University of Florida

2005

HLB first detected in Florida

$70M+

CRDF spent — no confirmed cure

8/16

Antibiotic trial sites saw yield drops

131K

Acres treated — results still years away

Summary of yield improvement and economic benefits of CitruSaver Fertilizer treatment on Hamlin and Valencia oranges in Florida

Economic analysis

A strong return - even after treatment costs.

Based on an independent economic analysis by Dr. Alan Hodges, Ph.D., University of Florida, using season-average juice solid prices and trial data.

$660-$1,089

Added value per acre

Additional juice solid value generated by treated trees based on market prices

$250/acre

Annual treatment cost

Four applications per year at 1 oz of active ingredient per tree for 150-tree groves

14-33%

Net juice solid uplift

Hamlin to Valencia range, net of full treatment costs based on trial results

Analysis by Alan Hodges, Ph.D., University of Florida, based on third-party field trial data and lab tests.

CitruSaver Fertilizer Economic Analysis

By Alan Hodges, Ph.D, University of Florida

CitruSaver Fertilizer is a novel product developed for the treatment of citrus greening disease (HLB) that contains a mixture of plant terpenes, growth stimulants, humic and fulvic acids, and surfactants to aid adsorption onto plant surfaces. CitruSaver is manufactured in Bartow, Florida, by Savory Sun VA LLC (https://citrusaver.com/). The product is priced at about $45 per gallon, and the material cost to treat one acre (150 trees) is estimated at around $200. Typically, citrus trees are treated 4 times a year to control and reverse HLB symptoms.

Field trials have been conducted with the product since 2017 on different HLB-infected Florida citrus varieties by Bob Johnson with AG Consultants, Inc., and with lab tests on harvested fruit conducted by the University of Florida Citrus Research and Education Center Pilot Plant. The results demonstrate that the product improves root health, increases root weight, number, and vigor of new shoots, fruit weight, juice yield, and sweetness (Brix/acid ratio), and reduces fruit drop in treated vs. untreated trees within the first year of treatment.

The table below summarizes the yield improvements and economic benefits of CitruSaver treatments from an 18-month trial on Valencia oranges in Umatilla, FL, and a shorter trial on Hamlin oranges in Wauchula, FL. It was estimated that fruit yields increased by 21% for Hamlin oranges and 45% for Valencia oranges compared with untreated control trees, reflecting higher average fruit weight and reduced fruit drop. In addition, treated trees had higher Brix/acid ratio. Overall, treated Hamlin and Valencia trees produced 23% to 42% higher juice solids per acre, valued at $660 to $1,089 per acre based on the 2018-19 season-average prices for juice solids.

The treatment cost of CitruSaver is around $250 per acre for the recommended four annual applications with one ounce of active ingredient per tree. The net value of juice solids produced after deducting treatment costs is 14% to 33% higher for Hamlin and Valencia, respectively.

Other field trials with Valencia and Hamlin oranges and grapefruit groves in Florida have shown a similar pattern of results. Although these results are promising, they should be considered preliminary due to the small sample sizes. Further research is needed to determine optimal treatment rates, intervals, and application methods for different citrus varieties and HLB conditions in commercial settings across the state.