2009-CROP AVERAGE PRICE RECEIVED BY
GROWERS RISING; DECEMBER MARKETINGS JUMP

Friday, February 5, 2010                            By Shawn Wade

      Cumulative Upland cotton marketings for the first five months of the 2009 marketing year totaled 4.673 million-bales according to information released January 29, 2010 by the USDA National Agricultural Statistics Service.

      That figure is 1.097 million bales more than the amount marketed through the same period in 2008. USDA estimated December 2009 cotton marketings at 2.536 million bales with an average selling price of 62.8 cents per pound.

      The 2009 Upland cotton Weighted Average Price calculated through December 2009 stands at 60.49 cents per pound using figures from the five months of the marketing year.

      To date the calculated 2009 Upland cotton Weighted Average Price has climbed to 8.49 cents above the 52-cent threshold where the Upland cotton Counter-cyclical payment begin to drop below the 12.58 cent maximum payment rate. The preliminary mid-month price reported for January 2010 was 63.2 cents per pound.

      Based on these numbers it appears that USDA is taking its time to carefully evaluate all available data before deciding whether or not to offer an advance 2009 Upland cotton Counter-cyclical program payment. It is likely that an announcement will not be made until preliminary January marketing data can be weighed against information from the January World Supply and Outlook report.

      The 2008 Farm Bill allows partial CCP payments to be issued after the completion of 180 days of an applicable crop's marketing year when the crop's effective price falls below its target price. The effective price equals the direct payment rate plus the higher of either: (1) the national average market price received by producers during the marketing year; or (2) the national average loan rate for the commodity.

      Based on provisions of the 2008 Farm Bill, the Upland cotton Counter-cyclical payment rate goes to zero when the Weighted Average Price Received hits 64.58 cents per pound.

      Using marketing data available through the end of December, the projected 2009 Upland cotton CC payment rate would be 4.09 cents. Should preliminary January 2010 data match the levels reported for December, the projected 2009 Upland cotton CC payment rate would drop to around 3.14 cents per pound.

      The following table shows the average price received each month by farmers and the associated weighted average price based on prices and cumulative marketings from August 1 through December 31, 2009.

      The 2009 Counter-cyclical payment rate authorized under the 2008 Farm Bill will be based on the 12-month Weighted Average Price Received by growers. For cotton the 12-month Weighted Average Price will reflect price and marketings for the 2009 marketing year. The 2009 cotton marketing year began August 1, 2009 and ends July 31, 2010.

AVERAGE PRICE RECEIVED FOR
2009-CROP UPLAND COTTON
(Weighted by Marketings)

 

Marketings

Prices

 

(000's of Running bales)

(cents/Lb.)

 

Monthly

Cum.

Monthly

Weighted

August

30

30

47.70

47.70

September

225

255

55.00

54.14

October

271

526

56.70

55.46

November

1,611

2,137

58.50

57.75

December

2,536

4,673

62.80

60.49

January

n/a

n/a

63.20*

n/a

Source: National Agricultural Statistics Service; * = preliminary

 

PCCA'S WALLY DARNEILLE ELECTED 2010
COTTON COUNCIL INTERNATIONAL PRESIDENT

Friday, February 5, 2010                            By Shawn Wade

      Wallace L. (Wally) Darneille, a Lubbock, TX, cooperative official, will serve as 2010 president of Cotton Council International (CCI). CCI is the National Cotton Council's (NCC) export promotions arm and carries out programs in more than 50 countries globally under the COTTON USA trademark.

      Darneille was elected at CCI's board meeting, one of several sessions convening at the NCC's 72nd Annual Meeting at the Peabody Hotel on February 4-8. He succeeds Clyde T. Sharp, an Arizona producer, who becomes CCI board chairman.

      Darneille, who is president and CEO of Plains Cotton Cooperative Association, serves on the boards of the NCC, AMCOT, Telmark, the Southwest Council of Agribusiness, the Texas Agricultural Cooperative Council, Denimatrix and The Seam. He also is chairman of the National Council of Textile Organizations. Darneille graduated cum laude from Dartmouth College, and earned his MBA from Auburn University.

      Other CCI officers elected for 2010 are: first vice president, John D. Mitchell, merchant, Cordova, TN; second vice president, James L. (Jimmy) Webb, producer, Leary, GA; and treasurer, John Burch, cooperative, Bakersfield, CA. Mark D. Lange of Memphis, TN, was re-elected secretary and Allen A. Terhaar of Washington, DC, was re-elected assistant secretary.

      Newly elected as CCI directors for 2010 were: Keith T. Lucas, cooperative official, Garner, NC; Kent D. Fountain, ginner, Surrency, GA; and Eduardo L. (Eddy) Esteve, merchant, Dallas, TX.

      Re-elected CCI directors include: Producers - Rickey L. Bearden, Plains, TX; Donald J. (Don) Cameron, Helm, CA; Dahlen K. Hancock, Ropesville, TX; Richard Kelley, Burlison, TN; Cliett A. Lowman, III, Kingsville, TX; K. Michael (Mike) Tate, Huntsville, AL; and W. Stewart Weaver, producer, Proctor, AR; Ginners - Thomas S. (Sid) Brough, Edroy, TX; Merchants - Philip R. (Phil) Bogel, Dallas, TX; T. Jordan Lea, Greenville, SC; Manfred Schiefer, Lubbock, TX; and G. William (Bill) Winburne, Phoenix, AZ; Cooperatives - Hank Reichle, Greenwood, MS; and Lonnie D. Winters, Lubbock, TX; Cottonseed Handler – Gail Kring, Lubbock, TX; Warehouser - Vance C. Shoaf, Milan, TN; and Manufacturers – Werner Bieri, Jefferson, GA; and Malloy Evans, Cheraw, SC.

 

 

Want the facts about the U.S. farm policy.

Get what you need at:

http://www.farmpolicyfacts.com

 

NRCS SEEKS INPUT ON LOCAL EQIP
PRIORITIES THROUGH 2010 LWG MEETINGS

      Local Soil and Water Conservation Districts are inviting the public to participate in Local Work Group (LWG) meetings to identify resource concerns and conservation priorities to be addressed through the 2010 Environmental Quality Incentives Program (EQIP). The meetings are being held across all counties in Texas.

      The LWG meetings will focus on the Environmental Quality Incentives Program and on new resource concerns identified in the recently passed Food, Energy and Conservation Act, also known as the 2008 Farm Bill. The new areas of emphasis include concerns and issues involving pollinating insects, organic farming and forestry.

      The purpose of the LWG meetings is to gather comments from local entities, especially farmers and ranchers that have an interest in local natural resource conditions and needs.

      The discussion and recommendations from the participants in the meeting will assist NRCS conservationists with program direction of the EQIP program and resource concerns for other USDA programs for Fiscal Year 2010.

      Anyone wanting additional information on the meetings, the EQIP program or the system used to rank resource concerns should contact their local NRCS Office or Soil and Water Conservation District.

 

2010 EQIP LOCAL WORK GROUP (LWG)
MANAGEMENT MEETINGS

County

Date

Location

Time

Howard

2/08/2010

USDA Service Center

4:00 pm

Childress

2/09/2010

Greenbelt Elect. Coop. Meeting Room,
US HWY 83, Childress

1:30 pm

Collingsworth

2/09/2010

Robertson Restaurant,
U.S. HWY 83, Wellington

8:30 am

Deaf Smith

2/09/2010

Hereford Community Center,
100 Avenue C, Hereford

9:00 am

Fisher

2/09/2010

USDA Service Center,
601 W. South 1st St., Roby

1:00 pm

Floyd

2/09/2010

USDA Service Center,
U.S. Highway 70 East, Floydada

9:00 am

Gaines

2/09/2010

K & S Steak Place,
2224 Hobbs HWY, Seminole

1:30 pm

Hall

2/09/2010

1st Bank & Trust Meeting Room,
North of Courthouse, Memphis

9:30 am

Hansford  

2/09/2010

Spearman City Hall Board Room,
30 SW Court, Spearman

10:00 am

Kent

2/09/2010

Kent County Courthouse,
HWY 70, Jayton

5:30 pm

Motley

2/09/2010

USDA Service Center,
1103 Eubank, Matador

8:15 am

Randall

2/09/2010

USDA Service Center,
2315 11th Street, Canyon

10:00 am

Roberts

2/09/2010

KNT Cafˇ,
123 Commercial Street (HWY 60), Miami

7:30 am

Crosby

2/10/2010

Ralls Community Storm Shelter,
821 Tilford St., Ralls

6:30 pm

Dickens

2/10/2010

USDA Service Center,
312 Williard Avenue, Spur

7:00 pm

Hardeman

2/10/2010

Quanah Community Center,
Intersection state HWY 104 & FM 2568, Quanah

9:00 am

King

2/10/2010

King County Courthouse,
Court Room, Guthrie

1:30 pm

Sherman

2/10/2010

Happy State Bank,
100 N. Main St., Stratford

9:00 am

Stonewall

2/10/2010

Stonewall County Courthouse,
128 West 6th Street, Aspermont

9:00 am

Swisher

2/10/2010

Swisher County Annex Building,
310 West Broadway, Tulia

10:00 am

Castro

2/11/2010

Rhoads Memorial Library,
105 SW 2nd St., Dimmitt

9:00 am

Cottle

2/11/2010

USDA Service Center,
920 Bray Street, Paducah

10:00 am

Foard

2/11/2010

Crowell State Bank Room,
HWY 70 (Northside of Square) Crowell

8:00 am

Lynn

2/11/2010

Tahoka Housing Authority,
1400 Ave. K, Tahoka

9:30 am

Wheeler

2/11/2010

USDA Service Center,
1410 South Alan Bean Blvd., Wheeler

9:30 am

Source: USDA NRCS

 

2010 PRODUCTION CONFERENCE & MEETING DATES

Date

Event

Information

Feb. 9

Llano Estacado Corn Conference, Castro County Exposition Building, Dimmitt.

Contact AgriLife Extension office in Castro County, 806-647-4115.

Feb. 9

SW Farm & Ranch Classic Farm Show, Lubbock Civic Center.

Contact AgriLife Extension office in Lubbock County, 806-775-1680.

Feb. 10

South Plains Ag Conference, Brownfield.

Contact AgriLife Extension office in Terry County, 806-637-4060.

Feb. 10

Cottonseed Variety Meeting, Farwell.

Contact AgriLife Extension office in Parmer County at 806-481-3619.

Feb. 10

Hale/Swisher Crops Conference, Ollie Liner Center, Plainview.

Contact AgriLife Extension office in Hale County, 806-291-5267.

Feb. 11

Cotton Production Meeting, Lamesa.

Contact AgriLife Extension office in Dawson County, 806-872-3444.

Feb. 22

Cotton Production Meeting, Tahoka.

Contact AgriLife Extension office in Lynn County, 806-561-4562.

Feb. 23

Cotton Variety Selection, Cotton Outlook and Fertilizer Management, Brownfield.

Contact AgriLife Extension office in Terry County, 806-637-4060.