Do you believe that cotton can make a real comeback in 2010 and increase acres across the Belt?
For our farm, cotton is still a very good crop even though the price that it brings has been down in recent years because of the higher prices for corn, wheat and soybeans. However, we can now see an improved price for cotton, and that’s why I have reason to feel optimistic about the new season. The magic word for cotton and other crops is “demand,” and how we can sustain this trend beyond 2010.
I am very excited about the prospects for cotton in 2010, and I’m just like every other producer. It’s all about prices. Out in West Texas, cotton is about the only thing we can depend on. A lot of us have tried these other crops, and some of them turned out good and some not so good. Even when I saw a lot of farmers leaving cotton, I knew this crop would eventually turn around and come back.
St. Louis, Mo.
It’s very exciting to see cotton prices come back and be competitive with grain crops. Everybody recognizes that cotton has a long history of providing money for the producer as well as the main street of farming communities across the country. And I’m also talking about infrastructure – whether it is gins, warehouses, dealers or any business connected to agriculture. We know for a fact that cotton’s impact on local economies is significant because it turns over many times. So, yes, we are very excited about higher prices and more cotton acreage because this benefits the entire ag economy.
I hope this trend continues for cotton, and one of the reasons for the turnaround might be because the grain crops just didn’t perform as well as we had expected from a financial standpoint. Even though cotton yields in 2009 weren’t as high as we had hoped, the crop still showed a lot of resilience and delivered yields to our farmers. I never had any doubts about cotton. I had confidence that it could come back with higher prices.
National Cotton Council
The general feeling is that we have the potential for some increased acreage in every region of the Belt if this price holds up. The price of cotton now puts it in a relatively good position with other commodities. Cotton has always been a more reliable crop for farmers across the Belt. So, when you combine the price prospects and reliability of the crop along with good varieties and better yields, I think there is reason for optimism this year, and that applies to all regions. Viewed from any angle, it is good news for us.