Cotton Incorporated Facing 10 Percent Reduction in Funding

MEMPHIS, TN – Though held virtually for the first time in its history, the Cotton Board recently reviewed, analyzed, and voted to recommend Cotton Incorporated’s (CI) 2021 budget of $80 million to the Secretary of Agriculture. This budget recommendation reflects a decrease of over $8 million from 2020. Even with decreased funding, CI’s plan and budget remains at a high level and is focused on several key, primary issues and address some immediate challenges in order to increase market share and restore long-term profitability to the industry. Top Program priorities include sustainability, product innovation, farm profitability, cottonseed value, and lint contamination while the Consumer Marketing Division will see the largest budget decrease under the 2021 plan. Delegates also elected new officers including Jimmy Webb, a cotton producer from Leary, Georgia, to serve as Chairman for the upcoming year.
(SOURCE: Cotton Board)