Upload
floria
View
32
Download
0
Tags:
Embed Size (px)
DESCRIPTION
Analyzing the current returns and potential market by harvest method for irrigated west texas cotton. Abstract is available at http://beleanavoidcancer.wordpress.com/portfolio/ under article abstract Janani Thapa Department of Agriculture and Applied Economics - PowerPoint PPT Presentation
Citation preview
Abstract is available at
http://beleanavoidcancer.wordpress.com/portfolio/ under article
abstract
Janani Thapa
Department of Agriculture and Applied Economics
Texas Tech University, Lubbock, Texas
1
(000) bales
Global demand --
ring spinning
applications
Market prefers
highly uniform
fibers with less
neps
Figure 1: Average production and export of cotton
Source: www.nass.usda.gov 2
• Texas is the largest producer of cotton in US. • Traditional use of West Texas cotton is rotor spinning.
• Due to introduction of long staple varieties.
Figure 2: US cotton belt
Figure 3: Yield lbs/planted acre in Texas
Source: www.nass.usda.gov
Figure 4: Yield share by states
US cotton belt
3
New varieties improved returns to West Texas
cotton farmers by $ 1 million a year
Dr. Carl Anderson
……….But are West Texas cotton farmers receiving
potential returns with using traditional
stripper harvesting methods4
Using varieties with strong genetic potential
Irrigated production Harvesting costs evaluated Ginned with appropriate sequence to maintain fiber quality
5
Will shifting to picker harvest be financially rewarding for farmers:
Determine quality differences Determine cost and yield differences
Determine if improved markets served is possible
6
Yield and quality data of fibers
from actual field (irrigated, variety
Fiber Max) for three cotton marketing
years - 2009, 2010 and 2011 under
picker harvest-picker ginning and
stripper harvest-stripper ginning
sequence.7
8
Year Cost ($/acre)
2009 271
2010 1632011 216Average 217
Picker
Higher cost from stripper
Stripper Year Cost
($/acre)
2009 336
2010 210
2011 248Average 265
Year Cost ($/acre)
2009 65
2010 47
2011 32
Average 48
9
Picker
Higher seed cotton yield from stripper
Stripper
YearYield
(lbs/acre)
2009 4898
2010 2938
2011 3908
Average 3915
YearYield
(lbs/acre)2009 62512010 39092011 4621Average 4927
YearYield
(lbs/acre)
2009 1353
2010 971
2011 713
Average 1012
10
Picker
Higher lint yield from stripper
Stripper
YearYield
(lbs/acre)2009 17342010 10402011 1383Average 1386
YearYield
(lbs/acre)2009 18572010 11612011 1371Average 1463
YearYield
(lbs/acre)
2009 123
2010 121
2011 -11
Average 78
11
Picker
Higher revenue from stripper
Stripper
YearRevenue ($/acre)
2009 1718
2010 1041
2011 1396
Average 1385
YearRevenue ($/acre)
2009 1833
2010 1132
2011 1382
Average 1449
YearRevenue ($/acre)
2009 114
2010 91
2011 -14
Average 64
12
Picker
Little difference in overall profit
Stripper
YearProfit($/acre)
2009 14472010 8782011 1179Average 1168
YearProfit($/acre)
2009 14972010 9222011 1133Average 1184
YearProfit($/acre)
2009 49
2010 44
2011 -46
Average 16
13
SJVSouth Texas
E/M 1
E/M 2
Traditional
Higher return Higher quality specification
Market Segments Spinning Quality Strength (GPT) Quality Rewards Color-Leaf-LengthSan Joaquin Valley Ring 21-2-36 31 1180-1600 South Texas Ring 31-3-36 29 270-540
East/Memphis 1 Ring 31-3-36 28 170-450
South
East/Memphis 2 Rotor 41-3-34 28 0-80
South West Rotor 41-4-33 25 -(80-290)14
Year Picker Stripper 2009 E/M2 Traditional 2010 E/M2 Traditional 2011 South Texas E/M1
Hence, picker harvested cotton fibers can at least meet the quality standards of market segment E/M 2 (average premium 40).
15
Little difference in returns from picker and
stripper harvesting methods in traditional
markets
Picker harvested West Texas cotton meets
higher segment market quality including short
fiber content, neps
A focused effort to produce irrigated, picker
harvested cotton appears to be promising
16
You should select your venue before hand
Do enough literature search Make sure you have your concept clear
Make sure your data set is appropriate
17