Low Cotton Sales Hurting N.C. Farmers, Cities
Posted January 29, 2003 10:20 a.m. EST
EDGECOMBE COUNTY, N.C. — The devastating drought and heavy rains late last year had farmers reeling, but the impact will not stay on the farm long.
A multistate cotton meeting on Tuesday created some hope for this year's markets, but the farmers in attendance are still hurting from last year.
Economists point out that the losses the farmers have suffered are slowly making their way from the farm to the city.
Farmers, who lost money this year, will not be able to buy goods and services in the city, which, in turn, will affect cities' economies.
This year, officials say losses in cotton will top $200 million.