This week’s Cotton Newsline is 6 cuts. All cuts are Mark Lange, President and CEO of the National Cotton Council.
Suggested Introduction 1:
After March of 2008, it was clear that all segments of the cotton industry were hurting. Mark Lange, President and CEO of the National Cotton Council, says he was concerned about holding onto the infrastructure and never could have predicted the upturn the market is currently experiencing.
Suggested Introduction 2:
Lange says there has been talk of cotton being booked for the 2012 and 2013 marketing years.
Suggested Introduction 3:
According to Lange growers do not expect to see any counter cyclical payments for a couple of years.
Suggested Introduction 4:
Lange says the only payments cotton producers will be receiving are direct payments, the same style that is also available to all producers, those with soybeans, corn, rice, sorghum and wheat.
Suggested Introduction 5:
Lange says he along with many others in the trade were surprised when USDA’s acreage numbers were released.
Suggested Introduction 6:
Lange says there is a lot of optimism in the industry, right now.