Mechanically things are going well and the guys are working heard. There is just not much lint out there. We had a cool, wet Spring and we never really caught up. We are about half a day behind because last night's rain. The cotton is still green so we are picking slowly to let things open up.
Here's the real question. While we are picking we are also preparing for next year already. Now, here is what farmers have to decide- what do we plant next year? I can forward contract Wheat t $240 per ton and Pima cotton at $1.50 per pound. So we now those are good prices. How many acres of each shall we plant? It is tempting to go all cotton with high prices like that, but we need the wheat as a rotation crop. Also, how much water will we get next year? Does anyone know how much rainfall we will get this winter? Oh, and the clock is ticking. I want to have the wheat planted by the first of December so we can start irrigating it up.
Do you get the picture? I have to figure out the best crop mix based on things that haven't happened yet like next year's weather and next year's markets. Does it make sense why going to Vegas has no real appeal to me?
I hope you all have a great week. I am going to enjoy my day off, Monday morning we will be right back at it and try to get that crop in before the rains start up.
All the best.
P
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