Industry Analysis & Industry Trends
Cotton farmers have withstood extreme volatility over the five years to 2013, especially as a result of world cotton shortages, which prompted US growers to increase exports. However, most recently, deteriorating revenue has been a result of plummeting world cotton prices, the receding level of industry assistance programs and record-high stockpiles. Unsurprisingly, the next five years, from 2013-2018, are anticipated to exhibit much of the same volatility and uncertainty for cotton farmers... purchase to read more
Industry Report - Industry Key Buyers Chapter
As an agricultural industry, cotton growing has a low level of ownership concentration compared to other sectors of the US economy. Nonetheless, the level of concentration appears to be rising over time. Over the last decade, the number of farms has been declining, while the acreage per farm has risen. According to the US Department of Agriculture, the result of this process has been a rise in the number of large cotton farms (over 1,000 acres), coupled with a fall in the number of small cotton farms (under 100 acres).
The pattern has been attributed to competitive and cost pressures that are forcing smaller farms to close as the industry moves toward large-scale production... purchase to read more