Campiche noted, “History has shown that U.S. farmers respond to relative prices when making planting decisions. As compared to average futures prices during the first quarter of 2024, all commodity prices were lower during the survey period, but cotton had the largest decline. As a result, the price ratios of cotton to corn and soybeans were lower than in 2024. Based on historical price relationships, this would generally suggest a decline in cotton acreage.”
Southeast respondents indicate a 19.3 percent decline in cotton acreage to 1.9 million acres. In Alabama, the survey responses indicate a 10.5 percent decrease in cotton acreage. In Florida, respondents indicated 17.0 percent less cotton. Georgia growers expect to reduce acreage by 21.5 percent to 864 thousand acres. If realized, this would represent the lowest level of Georgia cotton acreage since 1993. The survey indicates a decline in cotton acreage of 26.9 percent in North Carolina, 15.0 percent in South Carolina, and 8.8 percent in Virginia. According to the survey responses from Southeast growers, the expected decline in cotton acres is due to an increase in corn, soybeans, wheat, sorghum, and peanuts.
Mid-South growers intend to plant 1.8 million acres, a decline of 8.2 percent from the previous year. In Arkansas, acreage is expected to decline by 7.0 percent, while Louisiana growers expect to plant 12.7 percent less cotton. In Mississippi, cotton acreage is expected to decline by 9.0 percent. Missouri growers expect to plant 9.0 percent less cotton, while Tennessee acreage is expected to decline by 6.1 percent. Survey responses suggest an increase in corn, peanuts, and other crops. Growers in Louisiana, Mississippi, and Missouri also expect to plant fewer soybeans, while Tennessee growers indicated an increase in soybean acreage.
Growers in the Southwest intend to plant 14.5 percent less cotton. Kansas growers expect to plant 12.5 percent more cotton at the expense of wheat and soybeans. Oklahoma producers expect to reduce cotton acreage by 5.0 percent and plant more corn, sorghum and other crops. Texas acreage is expected to decline by 15.8 percent. South Texas growers expect to plant more sorghum and other crops. In the Blacklands, growers intend to plant more corn, wheat and sorghum. West Texas growers reported an increase in wheat, sorghum, corn, peanuts, and other crops.
In the West, upland cotton acreage is expected to decline by 12.3 percent. Upland cotton acreage is expected to decline by 18.8 percent in Arizona and 40.8 percent in California. New Mexico growers intend to plant 17.3 percent more upland cotton in 2025. According to the survey responses, the expected decline in upland cotton acres in the West is due to an increase in corn, wheat, and other crops.
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