NCC On Verge of Finalizing Comprehensive
Life Cycle Index of Cotton

Friday, January 7, 2011                                By Shawn Wade

      Cotton Life Cycle Analysis aims to clear the air about the environmental impact of cotton from field to consumer end use.

      In recent years the world's original natural fiber has more often as not been portrayed as agriculture's perennial bad actor, blamed for everything from exacerbating world poverty to fouling the world's air, water and land.

      The fact that the claims made against cotton, especially on the environmental front, are usually based on faulty or inaccurate data is a significant concern to the U.S. cotton industry. To address the environmental side of the issue, the National Cotton Council, Cotton Incorporated and Cotton Council International have teamed up to perform a first ever analysis of cotton's true impact from the field through the purchase and use by the consumer.

      The data comprises the Life Cycle Index for cotton and was captured through a comprehensive process that includes surveys and technical analysis, details cotton's journey from seed to consumer end use and provides a fascinating look at the real impact of cotton around the world.

      The results of the project will be thoroughly vetted and then submitted to data registries around the world for use by anyone who conducts a life cycle analysis on cotton or cotton products.

      "The goal is to create a scientifically reliable data set that is readily available to anyone interested in creating a credible life cycle analysis of cotton or cotton products," says Dr. Bill Norman, Vice President-Technical Services for the National Cotton Council. "Our goal is to make sure that the best available data about cotton production, transport, processing and consumer end use is readily available to anyone developing a credible analysis that includes cotton. This should also help reduce the occurrence of inaccurate or sensationalized claims about the environmental impact of cotton."

      The cotton Life Cycle Index development project is a component of the U.S. cotton industry's Vision 21 project, which is overseen by the Cotton Foundation and supported by grants from Monsanto and John Deere.

 

Upland Cotton Average Price Received by
Growers Through November 2010

Friday, January 7, 2011                              By Shawn Wade

      Cumulative Upland cotton marketings for the first four months of the 2010 marketing year totaled just over 6.7 million-bales according to information released December 30, 2010 by the USDA National Agricultural Statistics Service.

      That figure is 4.568 million bales above the amount marketed through the same period last year. USDA estimated November 2010 cotton marketings at 3.619 million bales with an average selling price of 81.20 cents per pound.

      So far the 2010 Upland Cotton Weighted Average Price calculated through November 2010 stands has climbed to 79.47 cents per pound.

      With the first third of the marketing year now past, the calculated 2010 Weighted Average Price is now 14.89 cents above the 64.58-cent threshold where the Upland cotton Counter-cyclical payment goes to zero. The preliminary mid-month price reported for December 2010 was 85.30 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 reported from August 1 through November 30, 2010.

      The 2010 Counter-cyclical payment rate authorized under the 2008 Farm Bill would 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 2010 marketing year. The 2010 cotton marketing year began in August 1, 2010 and ends July 31, 2011.

Average Price Received For 2010-crop Upland Cotton
(Weighted by Marketings)

 

Marketings

Prices

 

(000's of Running bales)

(cents/Lb.)

 

Monthly

Cum.

Monthly

Weighted

August

387

387

77.20

77.20

September

496

883

74.70

75.80

October

2,203

3.086

78.10

77.44

November

3,619

6,705

81.20

79.47

December

n/a

n/a

85.30*

n/a

Source: National Agricultural Statistics Service; * = preliminary

 

One Week Left For Growers To Respond To
The 2011 NCC Planting Intensions Survey

      The National Cotton Council's annual survey of 2011 planting intentions was recently distributed to upland and extra-long staple (ELS) cotton producers across the Cotton Belt.

      The NCC survey, conducted each year to aid with industry planning and policy deliberations, provides the basis for the economic outlook that will be presented to delegates during the NCC Annual Meeting in early February.

      Survey results will be presented during the Joint Meeting of Program Committees on Saturday morning, February 5, 2011.

      To enhance the survey's accuracy, producers are encouraged to respond by the January 18, 2011 deadline.

      The 2011 survey was distributed through a combination of regular mail and email with the intent of reaching all cotton farms across the Belt. Growers who did not receive a survey may contact the NCC via email at econsurvey@cotton.org for survey instructions and participate.

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