The United States Department of Agriculture’s Prospective Plantings survey indicates cotton acreage will be up seven percent in 2004, estimated at 14.4 million acres. Released Wednesday, the report reaffirms several National Cotton Council estimates announced in February. Dr. Gary Adams, Vice President of Economics and Policy Analysis at the National Cotton Council, compares each survey’s results.
Suggested introduction for cut one:
Dr. Gary Adams, Vice President of Economics and Policy Analysis at the National Cotton Council, explains USDA and National Cotton Council planting surveys gave reasonably close cotton planting intention figures for nationwide acreage and in several states.
Suggested introduction for cut two:
According to Adams, several factors that have risen since data was collected for the Council’s survey attribute to differences between it and USDA’s report.
Suggested introduction for cut three:
Responses from each survey indicate 2004 will be another strong year for row crops, especially cotton.
