Cotton production may fall in 2023, as more U.S. cotton growers turn to corn, wheat or soybeans. This decision is due to drought, rising input costs and reduced profitability. Alternative crops hold a greater promise of revenue. The National Cotton Council surveyed its growers and determined cotton acreage intentions are 17% lower than last year.
In the top cotton-growing state in the country, Texas growers said they would plant 6.2 million acres of the homegrown fiber – a 21% reduction from 2022. However, this may change due to weather changes or improved economics. Worldwide, there is a projected 5% increase in world demand for cotton.
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