U.S. Cotton Trust Protocol Deadline and Freight Prices Drop

U.S. Cotton Trust Protocol Deadline and Freight Prices Drop

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**The deadline for cotton growers to enroll in the U.S. Cotton Trust Protocol and enter their farm data for the 2022 crop is March 31.

www.morningagclips.com reports, launched in 2020, the Trust Protocol was designed to set a new standard in more sustainably grown cotton.

Producers enrolled are eligible to participate in the Climate Smart Cotton Program, which provides technical and financial assistance to U.S. cotton farmers.


**Since the highs of 2021, freight prices have dropped to lows not seen since June 2020, according to a recent analysis by U.S. Wheat Associates.

Coupled with a recent break in wheat prices, decreased ocean freight costs have helped turn the tides back in the importers' favor.

The Baltic Index price chart of dry bulk freight rates shows the impact on rates from the Russian invasion of Ukraine.

**The organic market has seen continued growth in retail sales in the past decade, but the pace of growth has slowed.

According to USD’s Economic Research Service, U.S. organic retail sales increased by an average of 8% per year and surpassed $53 billion in 2020.

The number of certified organic acres increased from 3.6 million in 2011 to 4.9 million in 2021.

The number of certified U.S. farms with organic acres nearly doubled over the past decade from 8,900 to 17,400.

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