Farms.com Home   News

Texas’ Cotton Industry Is Facing Its Worst Harvest In Years — Costing The State More Than $2 Billion

Texas’ Cotton Industry Is Facing Its Worst Harvest In Years — Costing The State More Than $2 Billion

By Jayme Lozano

Cotton production has been decimated by drought and extreme heat this year, costing Texas High Plains farmers and other agricultural industries at least $2 billion, according to one estimate.

“There’s just not much crop out there,” said Brad Heffington, a cotton farmer in Littlefield. “A lot of cotton burned up and a lot of it never even made it up to begin with.”

Heffington’s farm is about 40 miles northwest of Lubbock in the state’s High Plains, an area that stretches from Lubbock to the tip of Panhandle and covers 42 counties.

Click here to see more...

Trending Video

2026 USDA June Crop Report Neutral + U S HRW LOWEST SINCE 1965!

Video: 2026 USDA June Crop Report Neutral + U S HRW LOWEST SINCE 1965!

There were no big surprises in the USDA June report as it historically is not a market moving report, but U.S. HRW production was lowered by 18 million bushels. The June USDA crop report was neutral- higher global stocks & South American production offset lower U.S. wheat and higher U.S. corn exports.
Crude oil breaking lower technically on news of a peace deal with Iran.
Elon Musk is now a trillionaire with the debut of the SpaceX IPO today!
Markets pricing in a 2026 U.S. corn yield at 187 bpa with the worst start to June in 50+ years on non-threatening weather that remains a “wild card".
El Nino has arrived according to CPC.
U.S. wholesale Gulf urea prices plunged 81.3%.
The spreading of screwworm in the U.S. is BULLISH cattle long-term.
+ CFTC fund flow.