Plains Cotton Growers to Discuss Odile’s Impact on 2014 Cotton Harvest
Plains Cotton Growers will hold Board of Directors meeting in October discussing the effect of the recent rains across the Texas Panhandle.
The National Agricultural Statistics Service recently estimated cotton production to reach 3.8 million bales in 2014 but decreased that estimate in September after the heavy rains caused by Tropical Rainstorm Odile.
“After all these years of drought, we welcome the rainfall, but the timing is not optimal for this crop,” said PCG Executive Vice President Steve Verett. “These final stages of heat unit accumulation are critical for moving this cotton along, and the cool, wet weather could encourage re-growth, which we certainly don’t want.”
The revised September 11 NASS estimate for the whole High Plains is more than 500,000 bales lower than projected in August, with the Southern High Plains being hit hardest at a loss of 490,000.
According to PCG, statewide cotton bale projections shrunk from 7.1 million to 6.6 million bales in the August report with National projections shrinking to 16 million bales, down by 900,000. December futures are reportedly sitting around 60 cents.
The next regular meeting of the Board of Directors for Plains Cotton Growers will be held at the Bayer Museum of Agriculture in Lubbock on Wednesday, October 8, at 9 a.m. At the meeting, the chief meteorologist for the National Weather Service in San Angelo, Dr. Steve Lyons, will provide a weather outlook for the harvest season.
Other agenda items include 2015 Business Director Nominations and an update on the status of PCG finances for the first three months of the fiscal year.