SEPTEMBER 21, 2004 - Posted at 4:41 p.m. CDT
LITTLE ROCK, AR - Even with a large portion of the South's cotton destroyed by hurricanes, Arkansas farmers don't expect to see the price go up. Analysts say there is so much cotton being produced in Arkansas, California and Texas that the price won't spike, despite the hurricane losses.
Georgia, Alabama, eastern Mississippi and the Florida Panhandle have taken hits from hurricanes Charley, Frances and Ivan. The storms moved in just as cotton began to mature.
Cotton prices have actually come down since the storms. Cotton futures were trading at about 47 cents per pound on Monday.