For detailed information on the moving trends and their use contact the Extension Ag. Ago Total to Date For Mktg. Each cost of production is an estimate of cost for a Georgia producer at the indicated yield. Participation in Government commodity programs can greatly affect the level of profitability for the various crop enterprises. Land and management cost are not included in the crop and livestock cost estimates.
Cotton prices are likely to remain weak and under pressure for the near term.
USDA's estimate of 2001 planting intentions at 15.6 million acres may in fact end up being a little low. Mill use of the 2001 crop may improve somewhat but not enough to offset a large increase in US production if weather cooperates. Exports will be a big factor. Given the decline in US mill business, it will take a near record level of exports to keep from building stocks if weather cooperates. The US has never been able to export that amount of cotton without China being a big buyer and right now that doesn't appear very likely.