MERRY CHRISTMAS & HAPPY NEW YEAR
From the Staff of
PLAINS COTTON GROWERS,INC.

 

MONSANTOEXTENDS DROUGHT RELIEF PROGRAM;
SETS 2007 TECHNOLOGY PRICES AT 2006 LEVELS

Friday, December 22, 2006                        By Shawn Wade

      A little bit of good news inthe days leading up to Christmas is always welcome and that is exactly whatcotton producers across the country got from Monsanto following the company’sannouncement that it was holding the line on cotton technology prices for the2007 growing season.

      For High Plains cottonproducers that means 2007 technology fees, including the per-acre capped costamounts, will all be exactly as they were in 2006.

      Monsanto officials explainedthat in addition to keeping technology prices, which are established on a costper thousand seed basis, flat they are also keeping 2006 seed drop rates ineffect for the 2007-growing season.

      The combination of the twomeans that technology prices for cotton planting seed sold on a standard seedcount basis will be exactly the same as they were in 2006.

      Seed purchased innon-standard count bags may see a difference in technology cost per bag of seeddepending on the average seed counts turned in to Monsanto by the cotton seedcompanies for 2007-crop planting seed.

      Monsanto expects 2007 pricesheets to be available by the end of December or in early January after theyreceive seed size information from seed companies that are not selling baggedseed on a standard seed count basis.

MONSANTO EXTENDS DROUGHT RELIEFPROGRAM

      For High Plains cottonproducers the good news went even further with the additional announcement thatMonsanto will also extend its Technology and Seed Drought Relief programs in2007.

      TheDrought Relief programs offer protection for all cotton varieties containingMonsanto traits and seed cost protection for their Stoneville and NexGenvarieties.

      The only change to theDrought Relief program from the 2006 growing season resides in the Seed DroughtRelief program for Monsanto’s Stoneville and NexGen planting seed varieties.Instead of last year’s 100 percent refund amount, growers who plant Stonevilleor NexGen brand cotton seed will be eligible to receive a refund equal to 50percent of the suggested retail price of the seed.

      Monsanto’s Drought Reliefprograms are available to producers who plant eligible Monsanto andStoneville/NexGen products in West Texas, Oklahoma, Kansas, and New Mexico,during the 2007-growing season.

      All requirements of the 2007Monsanto Roundup Rewards® Program must be met in order to qualify for benefitsunder the Cotton Technology and Stoneville/NexGen Drought Relief Programs.

      Qualifying for the SeedDrought Relief program is simple. Any grower that meets the Roundup Rewardsqualifications and plants Stoneville or NexGen cotton seed will qualify for therefund if their cotton is lost or produces 150 pounds of lint, or less, peracre.

      The Seed Drought ReliefProgram applies only to crop losses and/or specified yield reductions incurreddue to drought conditions. Losses or yield reductions due to other conditionsor perils such as diseases, pests, hail, etc., are not eligible for this offer.

      Monsanto’s Technology DroughtRelief program will work exactly as it did in 2006. Growers planting Monsantotechnology will be eligible for a 100 percent refund of their paid technologyfees for affected crops that are lost or that yield 150 pounds of lint, orless, per acre.

      Refunds under the Seed andTechnology Drought Relief programs apply only to crop losses and/or specifiedyield reductions incurred due to drought conditions. Losses or yieldreductions due to other conditions or perils such as diseases, pests, hail,etc., are not eligible for this offer.

      Cotton crops are considered aloss if the actual or estimated lint yield is less than 150 pounds per landacre, verified by either production evidence or a Federal Crop Insurance claimthat includes an estimated yield of less than 150 pounds per land acre.

      The deadline for claims underthe 2007 Seed and Technology Drought Relief programs is January 15, 2008. Formore details on the 2007 Drought Relief Program refer to the 2007 RoundupRewards® Program.

 

2006 COTTON QUALITY SUMMARY

      Thefollowing is a summary of the cotton classed at the Lubbock and Lamesa USDACotton Division Cotton Classing Offices for the 2006 production season.

 

Week Ending December 21, 2006:

 

Office

Bales

Color

Leaf

Staple

Lamesa

66,225

21+ – 70%

31 – 28%

2.82

35.95

Lubbock

299,131

21+ – 60%

31 – 37%

3.04

35.88

 

Mike

Strength

Uniformity

Bark

Lamesa

3.91

29.30

80.63

11.6%

Lubbock

3.71

29.24

80.67

22.3%

 

 

Season Totals To Date:

 

Office

Bales

Color

Leaf

Staple

Lamesa

624,165

21+ – 64%

31 – 31%

2.98

36.00

Lubbock

2,297,884

21+ – 55%

31 – 40%

3.13

36.18

 

Mike

Strength

Uniformity

Bark

Lamesa

4.04

29.17

80.70

10.5%

Lubbock

3.82

29.71

81.10

18.0%