Friday, March 12, 2010

Forecast Looks Bright for Texas Cotton

It’s good to be able to travel and say, “If Texas were its own country, we would be the fifth-largest, cotton-producing nation in the world!” So, you can just imagine in a state where cotton is king, hearing some good news forecasts for cotton prices over the next 10 years is extremely welcome.

According to the Lubbock Avalanche-Journal, agricultural economists are indicating an increased world demand for cotton and overall lower production that will likely drive up prices, adding dollars to our economy. Considering agriculture comprises about 9.5 percent of our entire state economy, a healthy cotton industry will bring more jobs and investment to Texas - something that will benefit all Texas consumers. At a time when our economy is filled with uncertainty, we need all the positive news we can get.

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