USDA has published the March Prospective Plantings Report. According to Dr. Gary Adams, Vice-President of Economics and Policy Analysis for the National Cotton Council, strengthening prices for competing grain crops have caused a major decline in cotton acres compared to 2006.
Adams says there are declines in all states but the Midsouth is seeing the biggest hit.
According to Adams, in the Far West upland and ELS acres are also seeing a decrease.
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