To educate cotton producers about options and future contracts, and what they can do to increase their profitability potential for the 2007 crop season, Cotton Incorporated and the New York Board of Trade (NYBOT) are holding a free "Hedging with Cotton Options" seminar March 20 in Coalinga, Calif.

The workshop will be held from 8 a.m. until 5 p.m. at the Harris Ranch.

“The seminar will cover the basics, as well as some of the more intermediate information related to cotton futures and options, specific hedging strategies involving the use of cotton options contracts and real world applications,” says Cotton Incorporated’s Director of Agricultural Research and Ag Division staff economist, Jeanne Reeves. “Knowledge of these market-based strategies is critical for increasing the bottom-line of producers, and we encourage them to attend this seminar at no cost.”

The primary speakers at this event are Eric Matsen of Matsen Enterprises, LLC (a derivative risk management and education company) and Judith Ganes-Chase of J. Ganes Consulting, LLC (a research and marketing services provider specializing in food and agricultural commodities). Also speaking at the seminar will be John Robinson from Texas A&M University, who will give a production cost outlook, O.A. Cleveland, a cotton marketing specialist, who will give a market outlook with Calcot, Ltd.’s Jarral Neeper as well as Kelli Merritt, a cotton producer from Lamesa, Texas, who will share her strategies about hedging countercyclical payments.

Attendance of this seminar is free, and lunch will be provided. For more information contact Dr. Jeanne Reeves, Cotton Incorporated, (919) 678-2370 – jreeves@cottoninc.com or Tim Barry, New York Board of Trade, (212) 748-4096 – tbarry@nybot.com. To register, contact Raquel Allen at (212) 748-4094 – rallen@nybot.com or Kay Wriedt at (919) 678-2271 – kwriedt@cottoninc.com.

The seminar is also sponsored in cooperation with Calcot, Ltd., the Center for Agricultural Business, California State University – Fresno and the University of California Cooperative Extension.