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
USDA Opens Base Acre Adjustments, Helping Farmers Secure Accurate Payments Based on Planting History
Farmers this year will finally be able to update their base acres with the USDA, something that experts warn must be done with complete accuracy.
Faster approvals could speed projects, but may face scrutiny.
Corn Inspections Lead Weekly Exports as China Reenters U.S. Grain Market, Resumes Canada Trade Talks
Strong corn and China-driven demand support the pace of U.S. grain exports. RealAg Radio host Shaun Haney discusses Canada-China agricultural trade talks.
This Final Rule adopts the changes introduced in the Interim Final Rule, consolidating seven agency-specific NEPA regulations into a single, department-wide framework, reducing the overall volume of regulations by 66 percent.
Rich Nelson with Allendale joined us to break down early planting progress, market expectations, and what producers should keep an eye on as the season moves forward.
Improving dairy prices could support stronger milk checks later this year.
