This month’s WASDE Report offered little support to cotton growers who were already having a rough year. The Farm Bureau says the hits keep coming.
“There was an increase in estimated production numbers and a decline in exports and consumption, which caused ending stocks to increase by about nine percent. Basically, production has bounced back this year in cotton, largely due to better-growing conditions in Texas, but demand has fallen over last year. This has led to a nearly 15 percent decrease in price since last year,” said Betty Resnick.
Since the 2018 Farm Bill, cotton growers have seen their production costs go up by nearly 30 percent. Analysts say this year’s input costs likely will not provide much support.
Related Stories
Spring Fieldwork Advances As Weather Patterns Shift Nationwide
RealAg Radio’s Shaun Haney discusses Canada’s new soil health strategy, its implications for producers, and its potential to support sustainable agriculture in Canada compared to USDA funding for conservation.
White House hosts “Celebration of Agriculture” as Trump administration signals new farmer support, including potential tax breaks and upcoming renewable fuel policy updates.
Corn and soybean exports continue supporting demand levels.
AFBF Economist Danny Munch breaks down a new Farm Bureau analysis showing that producers now earn less than 6 cents of every food dollar, as farm input costs continue to squeeze margins.
Productivity gains are supporting supply despite limited herd expansion.
