Cotton feels the trade war pinch
Story Date: 11/13/2019

 

Source: POLITICO'S MORNING AGRICULTURE, 11/12/19

There's been significant coverage of the trade war's impact on a few hard-hit sectors of agriculture, like soybean farmers, but the fallout has been widespread. Cotton growers are also having a tough year that might not improve much even if the U.S. and China sign a partial trade deal in the coming weeks, Bloomberg reports.

The cotton sector was off to a good start in 2019 compared with other commodity producers, like corn and soybean growers who faced historic planting delays because of heavy spring rains and flooding. But the wet weather (which was helpful for cotton growers) gave way to scorching heat in key cotton states like Texas, which damaged the crop, while President Donald Trump's trade fight with China cut down U.S. exports to the world's largest cotton market.

Crop status: Cotton production for 2019 is expected to exceed last year's crop by 13 percent. Farmers harvested 23 percent more acres this year than in 2018, but yields are down 65 pounds per acre, according to the Agriculture Department's latest estimates.


























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