It has been a tough go recently for U.S. cotton growers. One group in Texas says they are still just trying to break even.
“We’re still following very short of where a break-even price for a producer is today. Cotton buying, for example, the break-even price when compared to an average production history or an individual base yield. Now we’re looking at 90 something cents or plus in order to meet the demand of cost of production,” said Kody Bessent, CEO of Plains Cotton Growers.
Bessent says this is why crop insurance is so valuable. Corn, wheat, sorghum, and peanuts are also feeling the pinch.
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API said it stands ready to work with Congress to develop a balanced approach to E15 legislation that promotes fuel choice, supports investment certainty, and contributes to a stable and fair marketplace for American consumers.
In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.
Beef industry groups seem to agree — market-based pricing, not federal intervention, best supports rancher livelihoods and long-term beef supply stability.
Cattle groups say additional imports would offer little relief for consumers but could erode rancher confidence as the industry begins to rebuild herds.
Expect firm calf and fed-cattle prices — pair selective heifer retention with prudent hedging and liquidity to bridge rebuilding costs.
