Improving Your Risk Management and Pricing Strategies

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Long-term cotton market forecasts are indicating stronger prices.

While that optimism is needed and welcomed by many cotton growers across the country, there are additional ways you can improve your bottom line, even when prices may not be so bullish. I’m referring to a series of information-rich seminars related to “Cotton Price Risk Management and Pricing Strategies.”

Dr. Jeanne Reeves, our Ag division’s staff economist, is coordinating the Cotton Incorporated-sponsored seminars that will be held in Memphis, February 13; Coalinga, CA, March 26, and Lubbock, April 2.

She has secured some of our industry’s most respected agricultural economists and cotton analysts as instructors and speakers including, Dr Carl Anderson, Dr. O. A. Cleveland, Dr. John Robinson, Jarral Neeper with CALCOT and Kelli Merritt from CropMark, Inc. Growers can benefit from the speakers’ years of experience and hear how to improve price-risk management and pricing strategies.

Although risk management and pricing strategies can be difficult subject matter, these seminars will offer both basic and intermediate workshops on using options on futures to manage price risk. Contact Kay Wriedt at 919-678-2271 to register and I wish you much success in 2008 with your marketing and cotton growing efforts.

MarketNews

Armijo Wins Technology Transfer Award
Starting out his ag-engineering career as an aspiring student in 1979 at the USDA-ARS Southwestern Cotton Ginning Research Lab in Mesilla Park, NM, Carlos Armijo continues to be a student to innovation.

Armijo traveled to Washington, DC, in January to be recognized as one of the winners of the 2007 Technology Transfer Awards.

In the “Superior” division, Armijo is being awarded for excellence in the transfer of high-speed roller-ginning technology to the cotton ginning industry. To be eligible for this award, the technology or product must be commercially available or must have been adopted and widely used by farmers.

“I have a passion for improving ginning technologies, really enjoy the work, I do, and I and am very appreciative of this award,” said Armijo. The award will be presented by Edward Knipling, Administrator of ARS, at the ARS Annual Recognition Program on February 12.

Sheely Named Cotton Incorporated Chairman
California cotton grower Ted Sheely is the new Chairman of Cotton Incorporated.

Owner of Ted Sheely Farms in Lemoore, CA, Sheely is no stranger to cotton or farming innovation. His farm has been the proving ground for countless technologies including spatial imaging and precision agriculture.

He is a past National Cotton Council Director, past president of the King County Farm Bureau and participated in the California Ag Leadership Program from 1980-1982.

Sheely will serve a two-year term as Chairman. “I am honored to be Chairman of Cotton Incorporated and look forward to working with our board to further advance cotton’s market position across the globe,” said Sheely.

On his farms, Sheely currently grows Upland and Pima cottons, tomatoes, wheat, pistachios, garlic, grapes, safflower, barley and triticale.

He is married to his wife of 33 years, Deborah Miller Sheely, and they have three children – Zachary, Benton and Jacob.

Captions:

Carlos Armijo

Ted Sheely

Worsham is President and CEO of Cotton Incorporated.

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