Farmers see bump up in cotton price - KAIT Jonesboro, AR - Region 8 News, weather, sports

Farmers see bump up in cotton price

(Source: AP Graphics Bank) (Source: AP Graphics Bank)
JONESBORO, AR (KAIT) -

Cotton farmers may make a little more off their crops according to recent estimates.

An article from Talk Business & Politics states farmers, on the high end, could get anywhere from 72 cents to 78 cents per pound. On the low end, they may get 63 cents to 65 cents per pound.

The reason for the increase isn't immediately certain.

However, the article indicates one reason may be cotton crops in India and Pakistan will not be as good as projected.

Talk Business & Politics notes Craighead County is set to have a strong crop this year with farmers only planting about 30,000 acres of cotton in 2015. The estimated number for 2016 could be around 45,000 acres.

About 210,000 acres of cotton was planted in Arkansas last year, according to numbers from the University of Arkansas Division of Agriculture.

This year that number could increase to 370,000 acres this year, although official statistics have not been released.

To read the entire article, click here.

Copyright 2016 KAIT. All rights reserved.

Watch Region 8 News On Demand: On your Desktop | On your Mobile device

Region 8 News App - Install or update on your: iPhone | Android

Powered by Frankly