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DJ Soybean Rust Disease To Promote Switch To Cotton-Analysts
By Alison Guerriere
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--As Asian soybean rust continues to spread throughout
the U.S., market analysts said the disease could lead to a switch to cotton
from soybeans for some producers.
Carl Anderson, a cotton marketing specialist at Texas A&M University, said
Thursday a change could add about 300,000 acres to cotton.
"The biggest hit will be the Delta and the Southeast (for soybean rust),"
he said during a question and answer session of the cotton economic outlook
panel at the Cotton Beltwide Conference in New Orleans.
Anderson said he believes that banks will be less willing to lend money for
soybeans as spraying for Asian rust could add $30/acre for fungicide.
"You might see some encouragement from lenders to plant cotton (instead of
soybeans) and we could see more acres for cotton."
Anderson said he is anticipating 14.3 million acres will be planted for
cotton next season, but wouldn't be surprised to see that figure move toward
14.5 million acres. This season approximately 13.5 million acres of cotton
were planted.
One company stated Wednesday during the conference that it had a new
solution for soybean farmers who are worried about the effects of Asian rust
on their crops.
Valent U.S.A. Corp. said it will market a product, called Domark, which it
called a "leading edge" fungicide, developed by Isagro SpA.
The active ingredient in Domark is tetraconazole, a triazole fungicide that
holds both a preventive and curative activity to control soybean rust.
Isagro President Dennis Krass said in a statement that this is the third
year the fungicide has been used in Brazil for controlling Asian soybean
rust.
-By Alison Guerriere; Dow Jones Newswires; 201-938-5959;
[email protected]
(END) Dow Jones Newswires