Wednesday, July 21, 2010

The good ole days are in front of us, not behind us

Keep Looking Ahead

O.A. Cleveland
Starkville, Miss.    

The good ole days are in front of us, not behind us. World cotton demand will expand. Acreage will ebb and flow with technology as well as with the cyclical nature of crop price ratios.

There was nothing unique about the recent surge in grain and oilseed prices relative to cotton. The early 1970s were replete with forecasts that cotton would never again be grown in the Rolling Plains of Texas and Oklahoma. Wheat climbed to $6-7 dollars a bushel, and within five years it fell below $3 in some locations. Today, there aren't many alternatives for much of the Rolling Plains.

What most nostalgically call the good ole days would better be identified as simply "the old hard times." Harness the mule, shuck the mule's corn, child labor to hand pick the cotton and dispense DDT by hand. Were those the "good ole days?" I think not. They represented hard times.

source : cottonfarming

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