Contact: Jackie Smith, 806-746-6101, Jackie.Smith@ag.tamu.edu
LUBBOCK — Texas A&M AgriLife Extension Service will sponsor a free cotton marketing workshop in Lubbock before the Texas Cotton Ginners Association, or TCGA, annual meeting and trade show.
The workshop will be from 1-4 p.m. on April 3 in rooms 107-108 of the Lubbock Memorial Civic Center, 1501 Mac Davis Lane.
Tony Williams, TCGA executive president, and the association are providing the workshop meeting rooms. The meeting rooms are most easily accessed from the southwest parking lot.
Coffee, water and snacks will be provided. For more information on the TCGA Annual Meeting and Trade Show, visit http://www.tcga.org/.
The primary workshop topics will be the best time to price your 2019 crop, cotton and grain markets outlook, pricing strategies, opportunities to improve bottom lines and opportunities in the new farm bill.
Speakers will include:
- Dr. John Robinson, AgriLife Extension specialist in cotton marketing. Robinson has been the state cotton marketing specialist for over 17 years. His Cotton Market Outlook is available at https://cottonmarketing.tamu.edu/ . Robinson also provides daily crop market news and commentary on Twitter @aggie.prof.
- Dr. Mark Welch, AgriLife Extension economist who specializes in grain marketing. His research and Extension appointments are focused on the interests of stakeholders in the Texas grain industry. Welch writes the weekly feed grain and wheat outlook reports, which can be found at https://agecoext.tamu.edu/resources/market-outlook/.
- Jackie Smith, District 2 AgriLife Extension economist, has served the farmers of the Lubbock area for over 30 years. The profitability budget spreadsheet he will discuss at the workshop may be downloaded in advance at https://southplainsprofit.tamu.edu/ Smith will discuss how to use crop budgets and how to change them to fit your operation, as well as how to determine the effect of various changes on your break-even prices and/or break-even yields.
- Kelli Merritt, president of CropMark Select, is a licensed commodity broker, a cotton grower and serves as a link between farmers and spinning mills. A fourth-generation cotton farmer, Merritt teaches risk management to farmers and mills. He has traveled to many of the cotton spinning countries in the world, educating them about U.S. farmers. Merritt will discuss the various marketing tools that can be used to forward price cotton to take advantage of favorable prices.
- Will Keeling, an AgriLife Extension specialist in risk management, will discuss the key components of the newest farm bill. Keeling is a member of the Financial and Risk Management (FARM) assistance team, part of AgriLife Extension’s Risk Management Education Program.