And that’s only the beginning for cotton farmers who also are seeing hits to demand from rising prices and high inflation.
During a normal growing year, the tops of cotton plants like these at Brian Adamek's farm in Victoria would be full of cotton. This year’s harvest had bottom-heavy cotton plants.Cotton farmer Brian Adamek figures he’ll lose about $750 an acre on his 2,000-acre South Texas farm this year because of a summerlong drought that has plagued Texas.
Record temperatures in Victoria began around late April to early May, he said, which meant the bottoms of his cotton plants were fine, but the tops were shriveled. The early heat can also stunt corn growth. Cotton prices averaged 55 to 85 cents a pound over the last decade, Robinson said. Today, cotton sells for $1 a pound.“Next year is also set up for a tight situation and I don’t know whether the demand picture will be any different,” Robinson said.
Layering on top of weather concerns, farmers also are feeling the pinch from four-decade high inflation rates as consumers cut back on discretionary spending, such as buying a new wardrobe or linens, Robinson said.
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