The National Cotton Council (NCC) has released their Planting Intentions Survey. Mark Oppold looks at some of the numbers in the NCC’s 42nd annual early season survey.
NCC Survey Suggests U.S. Producers to Plant 11.4 Million Acres of Cotton in 2023
U.S. cotton producers intend to plant 11.4 million cotton acres this spring, down 17.0 percent from 2022, according to the NCC’s 42nd Annual Early Season Planting Intentions Survey.
(NCC/MEMPHIS, TN/Feb. 12, 2023) — U.S. cotton producers intend to plant 11.4 million cotton acres this spring, down 17.0 percent from 2022, according to the National Cotton Council’s 42nd Annual Early Season Planting Intentions Survey.
Upland cotton intentions are 11.2 million acres, down 17.3 percent from 2022, while extra-long staple (ELS) intentions of 184,000 acres represent a 0.5 percent increase. The detailed survey results were announced today during the 2023 National Cotton Council Annual Meeting.
Dr. Jody Campiche, the NCC’s vice president, Economics & Policy Analysis, said, “Planted acreage is just one of the factors that will determine supplies of cotton and cottonseed. Ultimately, weather and agronomic conditions are among the factors that play a significant role in determining crop size.”
Using five-year average abandonment rates along with a few state-level adjustments to account for current dry conditions, Cotton Belt harvested area totals 8.8 million acres for 2023 with a U.S. abandonment rate of 22.6 percent. Using the five-year average state-level yield per harvested acre generates a cotton crop of 15.7 million bales, with 15.2 million upland bales and 466,000 ELS bales.
The NCC questionnaire, mailed in mid-December 2022 to producers across the 17-state Cotton Belt, asked producers for the number of acres devoted to cotton and other crops in 2022 and the acres planned for the coming season. Survey responses were collected through mid-January.
Campiche noted, “History has shown that U.S. farmers respond to relative prices when making planting decisions. Relative to the average futures prices during the first quarter of 2022, cotton prices are lower while …..
Read the full National Cotton Council Planting Intention Survey.