Cotton farming is important to the U.S. job market, generating around 200,000 American jobs. While we traditionally think of cotton being farmed as a fiber, it is also valuable as a food source. One acre of cotton can produce 25-30 gallons of edible cottonseed oil, which is used heavily in the food service industry. AgAmerica’s custom loan packages will keep your cotton farm growing strong for years to come.
Cotton Industry Overview
In 2012, the U.S. cotton and cottonseed industry had sales of $6.1 billion.
Three states accounted for 53 percent of the cotton produced: Texas, Georgia, and Arkansas.
In both 2007 and 2012, four fifths of cotton principal operators considered farming their primary occupation, well above the average for farmers overall in 2012.
Cotton & row crop farmer consolidates debt with revolving line of credit
The solution: This family farms acres of cotton, wheat, oats, corn, sorghum, and peanuts. Part of their land is also devoted to pasture, timber, and pecans. Their beef cattle operation consists of Limousin cows. These borrowers …