With cotton contract basis being very favorable, the move to near 80 cents in the cotton market the week of May 10 may coax producers into bale contracts on a portion of expected 2014 production....More
U.S. soybean stocks will remain tight through early 2014. As long as China continues to buy U.S. soybeans prices should get good support. But in the second quarter as Brazil and Argentina soybeans hit market, soybean prices likely to collapse....More
Cool soils and wet conditions over the past few weeks have slowed Georgia's 2014 corn planting, but its full-on now at Raymond Thompson’s Seminole County farm near the Florida line. Early planted seed gives Deep South corn growers a chance at premium prices for a mid-July corn harvest.
USDA's proposed 2015 budget is less than its 2014 budget but still looks to bolster rural development, finance younger farmers, improve food safety, and reduce funding for the Commodity Credit Corporation and some producer insurance premium subsidies....More
As the calendar flips to March, farmers have been slow to commit to 2014 seed purchases, indecision is due to lower 2014 commodity prices that can be booked for harvest delivery. The profitability outlook is tighter than it has been the last couple of years....More
Cotton Incorporated is funded by check-off dollars assessed on each bale of cotton marketed in the U.S. or the equivalent imported into the country. The assessment is $1 plus .5 percent of a bale’s value. Why should cotton farmers care?...More
Annually, Cotton Incorporated invites cotton producers from across the country to travel to North Carolina to tour its high-tech headquarters, which was established, built with, and funded by cotton check-off dollars.
Direct and countercyclical payment programs and the state-based revenue program known as ACRE were eliminated by the 2014 farm bill. A farmer now can choose one of two new farm programs starting with the 2014 crop: Price Loss Coverage or Agriculture Risk Protection....More
Peanuts look to be the highest return above variable costs for 2014. Prices for cotton, corn and soybeans have been in a downtrend. Where they are at planting time may be different. Actual returns would change as price, yield and cost changes....More