Dr. Terry Townsend retired as executive director of the International Cotton Advisory Committee (ICAC) at the end of 2013. He previously worked at USDA from 1983 to 1987 analyzing the U.S. cotton industry and editing a magazine devoted to a cross-section of agricultural issues. He served as statistician at ICAC from 1987 to 1999.

Dr. Townsend has a love for commodity issues, especially those related to cotton, and a deep appreciation of the importance of fundamental analysis in understanding structural change in commodity markets.

Dr. Townsend is no longer associated with the ICAC, but he maintains strong ties to the organization. Here is a link to the ICAC web site.