AgriLife Extension sets Cotton Marketing Workshop April 4 in Lubbock

By Steve Byrns, s-byrns@tamu.edu

LUBBOCK – The Texas A&M AgriLife Extension Service will conduct a Cotton Marketing Workshop on April 4 in conjunction with the Texas Cotton Ginners’ Association Annual Meeting and Trade Show April 5 and 6.

The free workshop will be 1-4:30 p.m. in Room 108 of the Lubbock Memorial Civic Center in Lubbock.

Dr. Jackie Smith, AgriLife Extension economist at Lubbock, said the workshop is set the day before the gin show so producers can attend both events.

“We’re hoping to have producers and ginners from all over the state attend,” he said. “We are also making a special effort to encourage attendance by some of our newer cotton producers from the Amarillo area.”

Smith proposed attendees arrive by 1 p.m. April 4, attend this workshop, and be in place for the gin show and Plains Cotton Growers annual meeting, which is set for April 6.

“We will cover several very timely topics,” Smith said. “Shawn Wade, director of policy for Plains Cotton Growers will lead a discussion of the new Farm Bill, including some comments about changes in crop insurance.

“I’ll lead a discussion on cotton crop budgets with an emphasis on break-even analysis. We’ve been facing some tempting marketing opportunities that are likely at or near breakeven in most situations, so we’re going to take a look at some marketing tools and weigh the risks of using those tools. It will be an interesting discussion.”

Smith will be followed by Dr. John Robinson, AgriLife Extension state cotton marketing specialist at College Station. Robinson will present a market outlook and discuss several pricing tools, offering the pros and cons of each.

Dr. Seth Byrd, AgriLife Extension cotton agronomist at Lubbock, will review the 2017 cotton crop’s low micronaire quality problems and offer his opinion as to whether a similar scenario can be expected this year.

“Our final speaker will be Kelli Merritt who wears many hats — farmer, rancher, broker and market advisor to name a few,” Smith said. “Kelli is a licensed commodity broker, Dawson County producer and president of CropMark Select. I’ve asked her to describe her favorite pricing tool, which should generate some discussion. We’re also interested in hearing what others use, so we’ll encourage participants to describe their favorite forward pricing tool and strategy. All these discussions should make for an enlightening afternoon.”

For more information, contact Smith at 806-746-6101.

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