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REESETECHNOLOGY CENTER TO HOST
WTACI'S 55TH ANNUAL CONFERENCE - SEPT.12

      The 55th Annual ChemicalsConference organized by West Texas Agricultural Chemicals Institute will takeplace Wednesday, September 12, 2007.

      The conference will takeplace at the Reese Technology Conference Center located at 9801 Reese BoulevardNorth (West 4th Street) Lubbock, Texas. A map to the Reese TechnologyConference Center can be found online at:

http://reesetechnologycenter.com/rtc/content/view/21/49/

      A conference agenda can bedownloaded from http://www.plainscotton.org/wtaci07program.pdf in PDF format.   Foranyone that did not pre-register for this year's Conference, but would stilllike to attend, the Day-Of-Conference registration fee is $90.00.

      The conference has beenapproved for 8 TDA CEUs, 8 CCA CEUs, and CEUs for New Mexico and Oklahoma arepending approval.

       

USDAANNOUNCES FINAL 06 CC PAYMENTS;
OTHER USDA PROGRAM PAYMENTS SOON TO BE ON TAP

Friday, September 7, 2007                         By Shawn Wade

      USDA Secretary Mike Johanns'announcement of final 2006 Upland Cotton and Peanut Counter-cyclical (CC)Program payment rates earlier this week was welcome news to cotton and peanutproducers across the High Plains.

      According to Plains CottonGrowers, Inc., USDA's decision to go ahead and issue the final 2006 CC paymentsprovides timely cash infusions for growers preparing for the final leg of the2007 growing season. In the announcement, USDA officials noted that eligiblegrowers would begin to receive their final 2006 CC payments beginning September5.

      USDA's announcement alsoprovides an opportunity to go over when payments from several other USDAprograms will be made and what producers should receive when they do arrive.

      In this week's announcement,USDA noted that the final CC payment rates for Upland Cotton and Peanuts wouldbe the maximum amounts allowed under the 2002 Farm Bill. USDA also announcedthat there would be no 2006 Counter-cyclical program payments for Corn, GrainSorghum, Rice and Soybeans due to the strong market prices for those crops in2006.

      The final 2006 Upland Cottonpayment rate was set at 13.73 cents per pound based on the fact that UplandCotton market prices averaged well below the 52-cent-per-pound loan rate forthe marketing year. This made it unnecessary for USDA to wait until Octoberwhen the National Agricultural Statistics Service (NASS) announces the finalweighted average price for cotton.

      Cotton producers who receivedfirst and second advance 2006 CC payments totaling 9.61 cents will receive anadditional 4.12 cents per pound when final payments are issued. Growers thatdid not request advance 2006 CC payments will receive the full 13.73-centpayment rate.

      Thefollowing table shows the average price received each month by farmers and thecalculated weighted average price based on prices and cumulative marketingsfrom August 1, 2006 through July 31, 2007. With the addition of the July 2007price and marketing figures the calculated Weighted Average Price received bygrowers for Upland Cotton during the 2006 Upland Cotton marketing year was47.25 cents.

Average Price Received for2006-crop Upland Cotton

(Weighted by Marketings)

 

Marketings

Prices

 

(000's of Running bales)

(cents/Lb.)

 

Monthly

Cum.

Monthly

Weighted

August

1,970

1,970

45.80

45.80

September

182

2,152

47.30

45.93

October

994

3,146

46.10

45.98

November

1,117

4,263

47.60

46.41

December

2,062

6,325

49.30

47.35

January

1,557

7,882

49.70

47.81

February

1,253

9,135

48.00

47.84

March

1,566

10,701

47.40

47.77

April

1,155

11,856

47.30

47.73

May

1,550

13,406

44.80

47.39

June

1,067

14,473

46.40

47.32

July

1,277

15,750

46.50

47.25*

Source:National Agricultural Statistics Service; * = calculated

      Based on the final weightedaverage national price reported by USDA NASS on August 31, the final Peanutpayment rate will equal $104 per ton. Peanut producers who received the firstand second advance Peanut CC payments for 2006 will receive a final 2006 CCpayment of $31.20 per ton.

 

2007 Direct and CC Program Payments Also In The Works

      Growers across the countrywill also soon be receiving the final installment of their 2007 Direct payment.For cotton the 2007 Direct payment rate equals 6.67 cents, 22 percent of whicha grower could have elected to receive as an advance payment beginning December1, 2006.

      Based on information issued by USDAwhen the advance 2007 Direct payment rate was announced, the remaining 78percent of the 2007 Direct payment will be paid beginning October 1, 2007.Growers who received the 22 percent advance can expect their final 2007 Directpayment to equal approximately 5.2 cents per pound.

      In regard to the 2007-cropCounter-cyclical Program, previously released USDA information reminded growersthat the 2002 Farm Bill altered the timing and amount of 2007 CC advancepayments.

      Through the 2006 program yeargrowers had the option to request either two 35 percent advance CC payments inDecember and February, respectively, during the marketing year or a single 70percent advance in February.

      The 2002 Farm Bill changedthat for the 2007 CC Program, replacing the dual advance payment option with asingle 40 percent advance payable in February of 2008 following the first sixmonths of the 2007 Upland Cotton marketing year that began August 1, 2007. Themaximum possible 2007 Upland Cotton CC program remains 13.73 cents. Continuedon Page 2

 

Don't Forget About Disaster Assistance

      As noted in recent weeks,USDA has also announced that sign-up for the 2005/2006 Crop Disaster Program(CDP) is supposed to commence on or around October 15. Actual sign-up dates inindividual counties could be different depending on how quickly USDA can trainState and County level Farm Service Agency employees to administer the newprogram.

      The good news for growersthat participate in the upcoming disaster assistance program is that disasterassistance payments should be processed as soon as the sign-up process iscompleted. Growers that qualify for assistance under the 2005/2006 CDP shouldreasonably expect to have these payments delivered shortly after they completeand submit their application package.

 

2007 HARVEST AID GUIDE NOW AVAILABLE

Friday, September 7, 2007                         ByShawn Wade

      The 2007 crop is maturing ata rapid pace and High Plains cotton producers are already beginning to thinkabout their harvest aid regimens.

      The best place for growers togo for sound advice in the harvest aid arena is the newly updated 2007 HarvestAid Guide published by Dr. Randy Boman, Cotton Agronomist, Texas CooperativeExtension.

      Dr. Boman has notified usthat the revised 2007 Harvest Aid Guide is now available on the Lubbock TAMUResearch and Extension Center website. The revised 2007 Harvest Aid Guide canbe found at:

http://lubbock.tamu.edu/cotton/pdf/hpcottonharvestaidguide07.pdf

 

2007COUNTY CROP TOURS AND FIELD DAYS

      The table below contains apartial listing of the events already scheduled. Growers interested inattending any of the Texas Cooperative Extension events should contact theappropriate TCE County office to request additional details.

      For more information aboutthe industry Field Days listed below contact your local sales representative ordealer. Additional details will be included in "Cotton News" as they becomeavailable.

      Ifyou have knowledge of information that needs to be added to any of the eventsalready listed or a date you would like to have added to this calendar pleasecontact Shawn Wade at 806-792-4904.

2007 High Plains Event Calendar

Event:

Date:

West Texas Agricultural Chemicals Institute Conference

September 12, Reese Technology Center Conference Center

Yoakum Co. Crop Tour

September 12

Floyd Co. Crop Tour

September 18

Lynn Co. Ag Tour

September 19

Mitchell Co. Ag Tour

TBA

Crosby Co. Crop Tour

September 21

Harvest Aid Training, Hale Co.

 

September 24

 

Industry Field Days:

Date:

FiberMax Field Day

September 26 and 27