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12. Less ground for cotton as trade dispute rages
Acreage dropped roughly 23% in Texas, the national leader, and 19% in California, which ranks fourth in domestic production. The current bill on the Senate floor leaves those programs virtually intact, despite the threat of further legal complaints and concerns that international sanctions could ultimately cause layoffs and patchy unemployment. Last month, the World Trade Organization ruled subsidies handed out to American cotton farmers broke international trade laws, opening the door for...
Source


13. High yields
In several areas, cotton acres had corn growing on them this summer or were reserved for winter wheat planting because of high prices for grain. For a larger perspective, according to information from the group, the 4.13 million bales to be harvested on the South Plains would make it the seventh largest cotton producing country in the world. Cotton prices are good with the price per pound for a 500-pound bale of good quality hovering above 60 cents, Huddleston said. The gin, now in its...
Source11/18/2007


14. Texas Crop, Weather
On the other hand livestock producers are wondering what to do. The winter wheat crop was in fair to good condition, with 40 percent to 100 percent of the crop planted and 10 percent to 50 percent of existing plantings emerged. Rolling Plains: Cool, sunny days have allowed producers to step up cotton harvesting. Cotton ranged from very poor to excellent, with most areas reporting good. Cotton production was under way with very good yields. This year's crop may be one for the books as...
Source11/6/2007


15. Smith supports one-year extension of Farm Bill
Due to the parity prices far exceeding market prices, even a short-term escalation in milk prices of this magnitude would have long-lasting, devastating effects on dairy producers and consumers, House Republicans have said. For example, permanent law does not authorize counter-cyclical payments or decoupled direct payments and imposes acreage allotments and marketing quotas for wheat and cotton. According to House Republicans, the underlying law does not reflect current farming and...
Source11/17/2007


16. Diwali gold sales subdued in Gujarat
Ahmedabad, Nov 11 - Gujarat celebrated Diwali with plenty to cheer but the dazzle was a shade muted as high gold prices made the yellow metal slide down on the must-buy list. The compulsory reservation of 10 percent of corn to be diverted to bio-fuel production in Brazil and the US has opened a window of opportunity for growers. Also, other crops - cereals and cash crops - are expected to fetch good money, thanks to incentives and better pricing formula of the central government. Reports...
Source11/10/2007


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