Mississippi State, Mississippi
October 30, 2006
By Linda Breazeale
Mississippi State University
Ag Communications
There are always exceptions from
one field to another, but Mississippi’s cotton should produce
near the five-year average despite the summer’s drought, mostly
because irrigated land boosted yields.
Mississippi farmers will harvest 1.21 million acres of cotton,
which is about 10,000 acres more than last year. The predicted
yield average is 833 pounds per acre, which is just under last
year’s yield and the five-year averages of 859 pounds and 869
pounds, respectively.
“We are doing pretty well to produce near the five-year average
this year,” said Tom Barber, cotton specialist with
Mississippi State University’s
Extension Service.
Barber said the harvest benefited from dry weather similar to
conditions during most of the growing season. Rains that started
the third week of October slowed harvest of the final 10 percent
of the crop. Unlike the 2005 crop, hurricanes did not rob yields
in any Mississippi fields this year.
“Furrow irrigation helped yields
even more than we realized it would,” Barber said. “Some of the
dryland cotton did OK or at least better than we thought it
would. In spite of the drought, the sunny days and cool nights
helped retain fruit.We had more fruiting positions filled but
lacked the top crop we had last year.”
Barber described 2006 as an expensive production year beginning
with the need to replant a significant portion of the early
crop. With fuel costs nearly double past years’ prices, farmers
endured increased costs for fertilizer, irrigation pumps and
tractor use.
Steve Martin, agricultural economist at MSU’s Delta Research and
Extension Center in Stoneville, said cotton market watchers
anticipated better prices all year, but they never came.
“Instead, prices have declined all year, partly because the 2006
crop has been better than expected,” Martin said. “Demand in
general has not been as good, but it’s still better than two or
three years ago. At this rate, we are going to end up with
larger stocks, and prices will continue to suffer.”
Martin said December futures are
around 50 cents per pound. For Mississippi farmers, the spot
market price is in the low to mid-40 cent per pound range.
“The loan rate, which guarantees farmers their minimum price, is
52 cents. That is similar to what farmers got last year and we
had hoped for the mid-50s at least this year,” Martin said. “In
addition to increased fuel costs, farmers will have smaller
yields for basically the same market price.” |