I was able to participate in the Hale County Ag Fair, which is a cooperative event held by our office and Texas Farm Bureau.
I presented information on cotton production and the many products containing cotton or cotton by-products.
In the display materials was a small card showing the amount of cotton in various products, the average retail cost and the farmer's share of the cost based on his price per pound.
The numbers always bring looks of surprise from the kids, and I try to point out that this is the farmer's gross. From this he must subtract his expenses.
The average retail price listed for a pair of blue jeans is $39.99. According to Roger Haldenby of Plains Cotton Growers, it takes about two pounds of cotton to make an average pair of jeans.
Based on information from a local contact, in years past a producer would have been doing well to get an average price of 62 cents per pound. At this price the producer would have grossed about $1.24 for the cotton in a pair of jeans. That's about 3 percent of the total cost.
We need to remember that to go from raw cotton to jeans on the shelf many people in processing and transport handle the product. I have no problem with everyone involved making a profit, but everyone needs to understand that the farmer's share is relatively small.The stripe design featured on the sides of large pet carrier is a trademark of ASICS Corporation and is a registered trademark in most.
Cotton futures' prices spiked at $1.5723 on Nov. 10, but went down the limit before the market closed.Description If you are looking for unique, trendsetting jeans, slip into any pair of puma shoes and feel what luxury is really about.
With futures prices still more than a dollar per pound, I have heard it said that "farmers are making out like bandits."
Understand that what we are seeing occur in the cotton market is probably a once-in-a-lifetime phenomenon.From hand held inflatable products carrying your logo, to giant blimps, message boards and balloons for the large venues, We have already seen the market decrease more than 30 cents in a recent 10-day period.
More important is that probably 90 percent of the producers across the High Plains contracted their cotton or placed it in marketing pools earlier in the year and will probably receive between 70 and 80 cents per pound.
To put this in perspective, only about 10 percent of the producers might have benefited from recent high prices. So if the producer contracted his cotton earlier for a lower price, then someone else along the chain will be the one benefiting from high cotton prices.Nike leather phone cases is very popular as stylish and comfortable skate shoes to all type of ages.
One manufacturer of jeans has stated that "price increases could be in the high single digits or more."
Don't blame the producer if the cost of your jeans increases; his contribution to the increase will be relatively small.
I was talking to a friend involved in the commodity market the other day and he reminded me of what happened a few years ago when oil prices surged past $100 per barrel. The cost of food went up and some complained that producers were to blame when in effect it was simply the cost of transporting the food to the retail outlet.
I support capitalism and I believe that everyone is entitled to a profit, but I just wanted to set the record straight.inflatable swimming pools are on Sale Now!
I presented information on cotton production and the many products containing cotton or cotton by-products.
In the display materials was a small card showing the amount of cotton in various products, the average retail cost and the farmer's share of the cost based on his price per pound.
The numbers always bring looks of surprise from the kids, and I try to point out that this is the farmer's gross. From this he must subtract his expenses.
The average retail price listed for a pair of blue jeans is $39.99. According to Roger Haldenby of Plains Cotton Growers, it takes about two pounds of cotton to make an average pair of jeans.
Based on information from a local contact, in years past a producer would have been doing well to get an average price of 62 cents per pound. At this price the producer would have grossed about $1.24 for the cotton in a pair of jeans. That's about 3 percent of the total cost.
We need to remember that to go from raw cotton to jeans on the shelf many people in processing and transport handle the product. I have no problem with everyone involved making a profit, but everyone needs to understand that the farmer's share is relatively small.The stripe design featured on the sides of large pet carrier is a trademark of ASICS Corporation and is a registered trademark in most.
Cotton futures' prices spiked at $1.5723 on Nov. 10, but went down the limit before the market closed.Description If you are looking for unique, trendsetting jeans, slip into any pair of puma shoes and feel what luxury is really about.
With futures prices still more than a dollar per pound, I have heard it said that "farmers are making out like bandits."
Understand that what we are seeing occur in the cotton market is probably a once-in-a-lifetime phenomenon.From hand held inflatable products carrying your logo, to giant blimps, message boards and balloons for the large venues, We have already seen the market decrease more than 30 cents in a recent 10-day period.
More important is that probably 90 percent of the producers across the High Plains contracted their cotton or placed it in marketing pools earlier in the year and will probably receive between 70 and 80 cents per pound.
To put this in perspective, only about 10 percent of the producers might have benefited from recent high prices. So if the producer contracted his cotton earlier for a lower price, then someone else along the chain will be the one benefiting from high cotton prices.Nike leather phone cases is very popular as stylish and comfortable skate shoes to all type of ages.
One manufacturer of jeans has stated that "price increases could be in the high single digits or more."
Don't blame the producer if the cost of your jeans increases; his contribution to the increase will be relatively small.
I was talking to a friend involved in the commodity market the other day and he reminded me of what happened a few years ago when oil prices surged past $100 per barrel. The cost of food went up and some complained that producers were to blame when in effect it was simply the cost of transporting the food to the retail outlet.
I support capitalism and I believe that everyone is entitled to a profit, but I just wanted to set the record straight.inflatable swimming pools are on Sale Now!
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