This week’s Cotton Newsline is four cuts. All cuts are Dr. Gary Adams, vice president of Economics and Policy Analysis for the National Cotton Council.
Suggested introduction cut one:
The National Cotton Council’s Annual Early Season Planting Intentions Survey was released last week at the organization’s annual meeting. Dr. Gary Adams, vice president of Economics and Policy Analysis for the Council, says several factors influenced the slight increase in planned cotton acreage, which is estimated to be up six-tenths of a percent from 2004 to 13.73 million.
Suggested introduction cut two:
According to the survey, Mid-South cotton acreage will increase almost 7 percent this year. Adams attributes the rise to high 2004 yields and the Asian soybean rust factor.
Suggested introduction for cut three:
Stronger peanut prices may play a factor in the decline of cotton acreage in the Southeast.
Suggested introduction for cut four:
Texas cotton acreage will remain the same in 2005, with increases in Oklahoma and Kansas acreage. For the Far West, survey results indicate a 15.1 percent in New Mexico’s cotton acreage with double digit declines in Arizona and California. Adams thinks water supply issues may change this forecast.
