Cotton harvest continues this weekend, and so does the talk about prices.
When you are a cotton producer, it is hard to understand why prices are low when you see your crop as well as others lose out to insurance. Depending on where you farm, be it the Texas Panhandle or Rolling Plains the drought has taken it's toll on the cotton crop. Large global supplies and world economies that do not promote demand continue to pressure the cotton pricing.
Recently, there was a spike in prices due to quality concerns. That activity was short lived and cotton continues to drift lower. Where it will end up is anyone's guess thus the importance of a risk management plan.
To talk to a professional about your crop and your plan head to Lone Star Portfolio advisors website and for the latest in your agriculture headlines catch Daybreak every Friday morning at 5:35 am.
