Reality Check
Phil Burnett
Memphis, Tenn.
It's time we acknowledge a couple of realities in the U.S. cotton industry. Structural conditions will never return to "the good old days," and U.S. farmers must look to the market for the returns on their substantial investments of time and capital.
For many of us who have spent our lives working in the domestic cotton economy, that's a difficult set of realities to accept.
Until recently, cotton farmers across the United States have been able to evaluate the investments in land, equipment and infrastructure required for cotton production as a multi-year commitment with a reasonable expectation of economic gain. Today's farmer now compares cotton to a variety of competitive crops, depending on his viable choices.
source : cottonfarming
Phil Burnett
Memphis, Tenn.
It's time we acknowledge a couple of realities in the U.S. cotton industry. Structural conditions will never return to "the good old days," and U.S. farmers must look to the market for the returns on their substantial investments of time and capital.
For many of us who have spent our lives working in the domestic cotton economy, that's a difficult set of realities to accept.
Until recently, cotton farmers across the United States have been able to evaluate the investments in land, equipment and infrastructure required for cotton production as a multi-year commitment with a reasonable expectation of economic gain. Today's farmer now compares cotton to a variety of competitive crops, depending on his viable choices.
source : cottonfarming
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