Cotton is Texas’ largest crop, and industry experts say they expect just half the normal annual yield — which will drive up costs for consumers.
Cotton plants grow in a field while a dust storm blows ahead of a late summer thunderstorm on Aug. 29, 2022, in Terry County. Cotton production is expected to be at its worst level in years., our daily newsletter that keeps readers up to speed on the most essential Texas news.
In a good year, cotton production can net $4 billion to $5 billion for the High Plains economy alone. The International Center for Agricultural Competitiveness at Texas Tech University estimates cotton production in the High Plains will be down by $2 billion this year.Aug. 19, 2022 And as demand for cotton rises due to low supply, consumers also will see a rise in products or apparel with cotton.
Costly damage from drought is a recurring problem in Texas. Data from the National Oceanic and Atmospheric Administration’s National Centers for Environmental Information shows that since 2010, seven drought events have cost Texas at least $1 billion. Taken together, it’s an estimated $10 billion to $20 billion, not including this year’s damage.Aug. 19, 2022
“We will probably get 10,000 bales, and we average 55,000-plus,” said Philip Manske, gin manager at Associated Cotton Growers in Crosbyton.
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