Agricultural Economics Overview
As markets have become more volatile, it is more important than ever to increase your awareness of the importance of risk management. One way to add money to your bottom line very quickly is by gathering market information and implementing that information into your own marketing strategy. A marketing plan is a contingency plan of actions that a grower would take in these uncertain times. You need a plan that covers your production costs. Cotton Incorporated has a variety of tools available from written, to radio, to conference call that make it easier than ever for you to gain information for your specific marketing plan. Even if you market through a coop or merchant, you can still gather information, formulate a marketing plan, and add to your bottom line.
Dr. O.A. Cleveland, Cotton Marketing Analyst writes his weekly comments providing an outstanding view of events in the world and the United States.
Dr. John Robinson’s newsletter focuses on farm-level implementation of strategies for Texas cotton growers to deal with yield and price risk.
Given the ever increasing competitiveness of the agricultural production sector, sound business planning is essential for the health and well-being of operations.
Fundamental concepts behind how futures market contracts and options contracts are used from a price risk management standpoint.