This week’s Cotton Newsline is 3 cuts. All cuts are Matthew Fannin Assistant Professor of Agricultural Economics and Agri-Business at Louisiana State University.
Suggested introduction cut 1:
The drastic decline in cotton acreage the last few years means fewer bales for cotton gins to process. This decline has producers concerned gin closures will accelerate and eliminate future opportunities to plant cotton when market conditions improve. Matt Fannin, Assistant Professor of Agricultural Economics and Agri-Business at Louisiana State University has conducted a survey of gins in the Mid-South to estimate the economic impact of cotton ginning.
Suggested introduction cut 2:
Looking at the five state region – Missouri, Tennessee, Arkansas, Mississippi and Louisiana – Fannin says the direct local spending affects were just over a quarter of a billion dollars.
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In addition to the economic impact, Fannin says their survey had some interesting findings.