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- INDUSTRY COMMENTS -

Are you optimistic about better cotton prices
after the US economy begins to recover
from the recession?

 

Travis Childers
U.S. Representative (D-Miss.)

Everybody has an opinion on this subject, and most of them are all over the page. I will say this much. By the beginning of 2010, I anticipate an upswing in the economy. When I’m in Washington, we get to visit with economic forecasters, and that seems to be what they’re all saying. I would also have to agree with many cotton leaders who say that any kind of economic turnaround will positively affect future cotton prices.


John Phillips
Producer
Holly Bluff, Miss.

I’m like a lot of sports fans out there whose favorite football team hasn’t had a good season. We’re disappointed right now, but we’re looking forward to next year. I really do think that 2010 will be a good year for cotton prices. We’ll continue to plant the grain crops because we’re having to feed the world. For the long-term, I believe that reduced cotton acreage has to translate into better prices.


Jim Bradford
Ginner
Dimmitt, Texas

In this business, you have to be a hopeful, optimistic person, and I think the situation should get better when we get out of this recession. There is that old saying that the best cure for low prices is low prices. I think that phrase might apply right now. Potentially, this could be a short year for Texas cotton production. But you have to figure that the latest crop projections in our state would have some kind of impact on prices. That’s the way it always seems to work. Let me put it this way. If I strike out, I’m going out swinging. All you can do is deal with the situation and give it your best shot.


Barry Evans
Producer
Kress, Texas

The prices in all commodity cycles fluctuate, and we’re definitely on a down cycle right now. However, when the economy improves, I think we’ll see improved cotton demand and higher prices. Basically, I’m an optimistic person, and you have to be that way to be a farmer. If I weren’t an optimist, it would be hard to get out of bed and face the world every day. Everything is connected, and that’s why I think better prices are ahead.


Don Shurley
Ag Economist
University of Georgia

Cotton has had a lot of competition from corn and soybeans in the last three years, and some of that was fueled by the ethanol situation and some of it by supply and demand. When you look at the December ‘09 futures price for cotton, we’ve seen a good increase in the last two or three months. There are signs that we’re seeing a turnaround for cotton. The stage has certainly been set for better prices. We’re seeing signs of optimism, but we need to see the numbers play out and turn into more export opportunities for cotton.



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