The annual National Cotton Council survey indicates that cotton acreage will be up in 2005, but not as much as most people expected. The survey indicated 2005 cotton acreage of 13.73 million acres, up 0.6% from 2004. Acreage will be higher in the Delta states, but that is largely offset by less acreage in the Southeast. The threat of Asian rust will push some farmers to move away from soybeans and plant more cotton, especially in the Delta states. Farmers in the southeastern states may plant more peanuts for the 2005 season. Sizable declines in cotton acreage were indicated in the far western states of Arizona and California.