That might seem like a strange question to cotton producers who, according to most reports, are struggling to stay in business. But it’s one that the National Cotton Council’s Reece Langley runs into frequently in Washington because of this year’s acreage increase and higher cotton prices.
Langley, the NCC’s vice president for Washington Operations, says the Council’s economists have put together a study that shows just how dire the situation has become for many of the nation’s producers who face lower prices for almost all of their crops.
According to the analysis, producer revenues were an average of $97 per acre short of meeting total costs in 2014-16 and are projected to be $113 short in 2017-18. Speaking at the NCC’s mid-year board, Langley talked about the outlook for getting its cottonseed as an oilseed program included in the 2018 farm bill.
For more about the cottonseed policy, visit www.cotton.org.