Cotton Board Announces Its Top Priorities, Raises Annual Budget To $89 Million

    Mature cotton bolls in early morning light. ©Debra L Ferguson

    MEMPHIS, Tenn. – The Cotton Board recently held its 2023 Annual Meeting in Durham, North Carolina, along with Cotton Incorporated’s Board of Directors. During this meeting, board members serving the Cotton Research and Promotion Program reviewed, analyzed, and voted to recommend Cotton Incorporated’s 2024 budget of $89 million to the Secretary of Agriculture.

    This budget recommendation reflects a $2 million increase from 2023.

    Addressing both Boards during the meeting’s General Session, Cotton Incorporated President and CEO Berrye Worsham said, “The 2024 Cotton Incorporated plan and budget remain focused on addressing several key industry issues to increase cotton’s market share and ensure long-term profitability. Key priorities include enhancing supply chain transparency and cotton’s traceability, increasing producer profitability, enhancing cottonseed’s value, addressing contamination issues, and using marketing to build demand for cotton.”

    For a full recap of Worsham’s commentary on the 2024 plan and budget, please view the recording of his August 15th Cotton & Coffee episode click here.

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