Kim Anderson Reports OK's Cotton Harvest Ahead of Schedule, Prices Remaining Steady on SUNUPThu, 19 Oct 2017 16:13:24 CDT
This week on SUNUP - Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson gives viewers the rundown on Oklahoma's cotton crop.
According to Anderson, harvest is underway in the state, quoting the latest USDA Crop Progress report which puts Oklahoma cotton harvested at 11 percent complete, above the average of 9 percent.
Anderson remarked about the cotton he has seen saying, "It's coming in and it's looking good."
Currently, Anderson reports that the price of cotton here in Oklahoma is holding steady at around $0.65/lb. up from the last couple months. He says, above average cotton stocks both here in the US and worldwide, largely account for prices being a bit below normal.
As growers consider whether to plant wheat or cotton this year - Anderson advises them to put pencil to paper and figure out their respective production costs and then mull over the risks versus the opportunities of growing either crop.
According to his calculations - the production cost of growing cotton averages around $330/acre compared to wheat with about $175/acre production costs. While growing wheat may be a cheaper option - it also promises much less return right now, with prices still under pressure. Although growing cotton is about twice as risky to plant, Anderson says some farmers may prefer to take on the risk to increase their odds at making a profit with cotton.
Producers interested in switching to cotton, should first consider the additional costs. Anderson points out that planting cotton means more equipment, and more management.
You can watch their visit tomorrow or Sunday on SUNUP - or you can hear Kim's comments right now by clicking on the LISTEN BAR below.
Beyond Dr. Anderson's weekly chat - the SUNUP crew has a very full lineup for your viewing this weekend:
This week on SUNUP, we join you from the Southwest Research and Extension Center near Altus.
First, Kellie Raper says to be on the lookout for an upcoming National Agriculture Statistics Service survey that will be in mailboxes soon.
Then, we learn how one of the largest cotton crops in Oklahoma history is progressing from Extension Cotton Specialist, Randy Boman.
- In the Mesonet weather report, Al Sutherland show us what parts of the sate received rain this past week. Then, Gary McManus says it looks like we might be infor a dry spell.
- Brian Arnall explains how potassium plays a roll in the Oklahoma soil.
- In Cow-Calf Corner, Glenn Selk explains how grouping bulls before breeding season helps the herd.
- In Vet Scripts, Dr. Barry Whitworth explains the science behind rabies.
- Finally, Derrell Peel shows us how his class is changing the way CASNR students learn the business of agriculture in Oklahoma.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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