Cotton Farming Ginners Marketplace February 2024 by One Grower Publishing

Ginners Marketplace COTTON

COTTON FARMING IS THE OFFICIAL PUBLICATION OF THE GINNING INDUSTRY.

2024 Mid-South Farm And Gin Show Coming Up The 72nd Mid-South Farm and Gin Show is scheduled for March 1-2, at the Renasant Convention Center, Memphis, Tennessee. Exhibitors from across the United States will display cutting-edge machinery and equipment, technology and new products and services, representing all Mid-South crops. Tim Price, show manager and executive vice president of the Southern Cotton Ginners Association that sponsors the show, said the event gives attendees an opportunity to see what’s new and learn the latest at educational seminars on key issues. “The Mid-South Farm and Gin Show was launched as an educational opportunity, where industry experts provide their perspectives on what the next year may bring. Ag Update seminars feature market outlooks for cotton and grains, and a broader forecast on issues impacting agriculture,” he said. Price said 2024 could bring more change, which will require more adapting to a new environment. “Farmers are some of the most adaptable, creative and innovative people. New technologies, whether in the equipment we operate or in our phones,

require new capabilities. There’s something new every day for farmers to integrate into their operations, and we’re faced with navigating a changing environment for the best outcomes of our operations,” he said. “The 2024 Mid-South Farm & Gin Show will bring it all together in terms of helping attendees understand the far-reaching impacts of geo-political events, federal regulations, and other issues, as well as provide outlooks for the year ahead.” Ag Update seminars on Friday, March 1 and Saturday, March 2 will provide outlooks for cotton and grains. Joe Nicosia, Louis-Dreyfus, will headline Friday’s seminar, giving attendees direction on planting and marketing their cotton crop. Saturday’s seminar features Richard Brock, Brock Associations, who will deliver an outlook for grains and economic policies that may impact agriculture. Both seminars start at 8:30 a.m. in the Cannon Center. Other educational opportunities are offered as well:  An international trade forum, with AgriCenter International, University of Tennessee, Tennessee Department of Agriculture, and others, will feature speakers and industry experts focusing on international trade issues and their impact on farmers and agriculture.

Cotton Ginners Marketplace

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Ginners Marketplace COTTON

Cotton’s Calendar

 Feb. 16-18: 2024 NCC Annual Meeting, Hyatt Regency, Orlando, Florida

COTTON FARMING IS THE OFFICIAL PUBLICATION OF THE GINNING INDUSTRY.  Feb. 20: Great Plains Cotton Conference, Pratt County 4-H

Events Center, Pratt, Kansas

Feb. 26-28: Cotton Board March Meeting, JW Marriott Savannah

Riverside District,Costs Savannah, Georgia Take A Hard Look AtPlant Insurance Feb. 28: Joint Cotton Industry Bale Packaging Committee, Double And Safety Culture The Gin5069 Sanderlin Avenue, Memphis, TenTree byAt Hilton Memphis, 

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Distractions have become “routine” in our daily lives. Our phones go off, we get text messages and we’re bombarded by the never-ending news cycle. Everything seems to be trying to get attention, andFarm it’s easy lose sight of what’s important. Theour 72nd Mid-South andto Gin Show opens Friday, March 1, Things at 9 a.m.can sneak up on you, and those are the ones that will jump up and bite you. In last year or so, we’ve seen hugeinnovation increases inplatform our costs. the AgLaunch uses a farm-centric to As I write we’re getting news highestainflation in bring newthis, ideas to agriculture. It of willthe conduct workshop more a generation… maybe two.pitch their ideas to the wherethan individuals and businesses While I’m personally seeing some offunding the things increased AgLaunch panel in hopes of winning to that further develso easeand down a it bit, not common for costs that have op much their idea take to it’s market. gone much, fast, to come down or comeMilo down very  up A this special ricethis marketing seminar featuring Hammuch. We will likely have to learn to live with some of them. ilton, will help rice growers understand the dynamics of rice marketing and the opportunities available. The Cost Of Show Insurance The Mid-South Farm and Gin is sponsored by SouthOne of the costs that snuck up many gins in theand pastDelta year ern Cotton Ginners Associationon and Foundation or so is the cost of insurance. Normally, this is a once-a-year Farm Press. Show hours are Friday, March 1, 9 a.m. – 5 p.m.; expense get hit with. Saturday,we March 2, 9 a.m. – 4:30 p.m. Cash prizes are awarded The past renewal two have been more than a bit of daily at noon, 2 p.m. cycle and 4or p.m. sticker shock for many in the industry. Your associaMore information is availableginning at farmandginshow.com.

 Feb. 29: been Rollingaware PlainsofCotton Growers Annual Meeting, Taylor tions have this and have brought it to the attenCounty Expo Center, Abilene, tion of our memberships. ButTexas I think many of us got distracted  March by the other going on & and now been hit with the 1-2:things Mid-South Farm Ginhave Show, Renasant Convention Center,that Memphis, reality it’s notTennessee getting better. This is 20: a simplified but insurance companies are  March Staplcotnexplanation, Board of Directors Meeting, 214 W. Market going do what they need to in order to stay in business. They Street,to Greenwood, Mississippi must make money like we do. The companies take our premi April 4-5: TCGA Gin Show, Lubbock Civic Center 1501 Mac Davis um and invest Texas it. They pay claims with it, and they expect to Lane, Lubbock, have some left over. If losses are low and return on investment is good, you have happy insurance companies. We get stable premiums and competition. If they have poor investment returns and higher-than-expected cost of claims (read inflation), you have unhappy inAn informative email summary surance companies. They may decide to pull out of the market and/or significantly increase rates.performance. This is where we are today. of your gin’s daily Your ginners associations and the National Cotton Ginners’ Association have been concerned about this for some time. We Text 662-809-9730 need healthy insurers and competition, but we really can only help one side of the insurance has put forproblem…losses. an example NCGA report together a list of questions to ask yourself, so you can evaluate

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