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Cotton Council Announces 2019 Officers
Hank Reichle, a cooperative official from Greenwood, Miss., will serve as president of Cotton Council International (CCI) for 2019. He and other CCI officers were elected at CCI’s board meeting during the National Cotton Council’s (NCC) 2019 Annual Meeting held February 8-10 in San Antonio, Texas. CCI is the NCC’s export promotion arm and carries out programs in more than 50 countries globally under the COTTON USA trademark.
Hubbs on Grain: USDA Reports Provide Little Market Support
Corn stocks at an elevator location during harvest. ©Debra L Ferguson Stock Images The USDA finally released a set of highly anticipated reports on Friday. The results projected lower ending stocks for corn and soybeans during this marketing year. Despite lower ending stock forecasts, the results disappointed and produced a somewhat bearish outlook. The following discussion recaps developments in corn and soybean crop fundamentals coming out of the reports and price implications moving forward.
Rice Market: International Promotion Funding Tops $5Mln in 2019
The 2019 Market Access Program (MAP) and Foreign Market Development (FMD) allocations were announced late last week and USA Rice received more than $4 million, close to $25,000 more than last year, reflecting an 11 percent increase in FMD and a 7 percent reduction in MAP.
Cotton Council - Incoming President Named
Mike Tate, a cotton producer from Huntsville, Ala., was elected National Cotton Council (NCC) chairman for 2019. Named during the NCC’s 2019 annual meeting, held in San Antonio, Texas on February 8-10, Tate moves up from NCC vice chairman to succeed Ron Craft, a cotton producer from Plains, Texas. A graduate of the NCC’s Cotton Leadership Program, Tate previously served as a NCC director and has served on numerous NCC committees.
Price Loss Coverage Payments: The Impact of Policy Changes on PLC
The 2018 Farm Bill provides landowners the opportunity to update program yields for the Price Loss Coverage (PLC) program and we recently examined the impact of crop rotation on the calculation for the option. We discussed a concern that the formula does not address a fairness issue for farmers that use a crop rotation in which only one crop is planted to a Farm Service Agency (FSA) farm in a given year.
Florida: Industrial Hemp Pilot Project - Varieties, Planting Recommendations
Industrial hemp growing under irrigation. Photo: Colorado Department of Agriculture HOW IS HEMP DIFFERENT FROM MARIJUANA? Hemp and marijuana are the same plant species, Cannabis sativa. They are legally distinguished based on their THC content, which is the psychoactive compound associated with ‘getting high’. Hemp is Cannabis sativa with a THC content that does not exceed 0.3% by dry weight, while marijuana is Cannabis sativa with a THC content greater than 0.3%.
Illinois Corn, Soybeans: How Will Cold Temps Affect Pests, Pathogens?
Many in the Illinois agricultural community are wondering what effects the recent extreme cold might have on pests and pathogens. While it would be nice if the cold temperatures we are experiencing could help to reduce our potential for pest damage, past experience tells us that the most serious pests we deal with are unlikely to be impacted much by these conditions.
South Carolina Peanuts: Higher Yields Outpacing Demand
The United States peanut market will remain in a holding pattern if producers don’t adjust to increasing yields, said experts at the 40thAnnual South Carolina Peanut Growers’ Meeting. Peanut production increased 39 percent, but demand only increased 10 percent from 2012 to 2018. “We’ve had great peanut production, but if demand for peanuts can’t keep pace, they’re going to sit in storage,” said Nathan Smith, Clemson ag economist housed at the Sandhill Research and Education Center in Columbia.
U.S. Cotton Outlook, 2019: Trade Tensions are the Wild Card - NCC Report
National Cotton Council economists point to a few key factors that will shape the U.S. cotton industry’s 2019 economic outlook. This past year can be characterized as a year with significant uncertainty and volatility in the global economy and the world cotton market. The ultimate fate of the tariffs is a significant wildcard impacting the global market.
U.S. Cotton Acres Planting Intentions Up 2.9% in 2019, NCC Survey
U.S. cotton producers intend to plant 14.5 million cotton acres this spring, up 2.9 percent from 2018 (based on USDA’s December 2018 estimate), according to the National Cotton Council’s 38th Annual Early Season Planting Intentions Survey. See Prospective 2019 U.S. Cotton Area in table below. Upland cotton intentions are 14.2 million acres, up 2.8 percent from 2018, while extra-long staple (ELS) intentions of 264,000 acres represent a 6.3 percent increase.
Texas: Cotton Insurance, Marketing Workshop, Canyon, Feb. 12
Photo: Michele Kinder The Texas A&M AgriLife Extension Service office in Randall County will offer a Cotton Insurance and Marketing Workshop Feb. 12 at the Kuhlman Extension Center, 200 N. Brown Road, Canyon. The meeting will be from 3-7 p.m. The fee is $10, and a light meal will be served. An RSVP is requested by Feb. 8 to the AgriLife Extension office in Randall County at 806-468-5543.
Alabama: Wiregrass Cotton Expo, Dothan, Feb. 14
©Debra L Ferguson Stock Images Cotton producers looking for the latest information on cotton production should attend the 2019 Wiregrass Cotton Expo. This is the 20th anniversary for this event. The event is Feb. 14 at the National Peanut Festival Fairgrounds in Dothan, Alabama. The expo is free to attend and will include several exhibitors and speakers presenting information on a variety of topics.
Arkansas: 25th Annual Agribusiness Conference, Jonesboro, Feb. 13
Arkansas State University’s annual Agribusiness Conference this year will celebrate its 25th year of providing timely information and agricultural policy education to farmers, agribusiness professionals, students and educators across the Mid-South. The 2019 conference, on Wednesday, Feb.
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