Keep Looking Ahead
O.A. Cleveland
Starkville, Miss.
The labor-intensive cotton industry of the 1960s has given way to the very capital-intensive industry of the 2000s. Technology will continue to flow in the form of new equipment and higher yielding seed varieties.
Yet, there is another major change that will continue to evolve. Over time, direct payments to cotton producers have shrunk from 100 percent to only 85 percent of their base acreage. Within five years – probably less – direct payments are likely to be reduced to only 70 percent of a producer's respective base. Are you ready for that? The discussion is active in Washington, and Congress has made the calculations.
As bad as this change appears, there will likely be good to come from it. I do not see the good, but then, we will see dollar cotton again and most don't believe that. Dollar cotton is on the horizon, but not for this year.
source : cottonfarming
O.A. Cleveland
Starkville, Miss.
The labor-intensive cotton industry of the 1960s has given way to the very capital-intensive industry of the 2000s. Technology will continue to flow in the form of new equipment and higher yielding seed varieties.
Yet, there is another major change that will continue to evolve. Over time, direct payments to cotton producers have shrunk from 100 percent to only 85 percent of their base acreage. Within five years – probably less – direct payments are likely to be reduced to only 70 percent of a producer's respective base. Are you ready for that? The discussion is active in Washington, and Congress has made the calculations.
As bad as this change appears, there will likely be good to come from it. I do not see the good, but then, we will see dollar cotton again and most don't believe that. Dollar cotton is on the horizon, but not for this year.
source : cottonfarming
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