Industry And Cluster | News & Insights

Cotton prices are likely to hit a 10-year high

Published: August 19, 2021
Author: Manali bhanushali
Cotton prices are set to hit a ten-year high. Beginning stocks are somewhat higher in last month’s U.S. cotton estimates, with a half-million cotton bale drop. As a result, exports and ending stocks fell. The present price of cotton in the United States is expected to rise 5 cents to 80 cents a pound. This is the most expensive pricing since 2012.
More than 75% of all dairies in the United States are engaged in government payments. The Farm Service Agency offers Dairy Margin Coverage (DMC) to dairy farmers in order to safeguard them against danger.
According to recent research, agricultural revenue and financial conditions are improving for producers. A dramatic improvement in economic conditions, along with government payouts for pandemic relief, has resulted in a rise in agricultural income and loan payback rates from a year earlier, according to experts. A 10% increase in farm property values aided matters. However, circumstances in the cattle sector remained poorer, which might put pressure on margins in the future.

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