Cotton prices drop nationwide - WALB.com, South Georgia News, Weather, Sports

Cotton prices drop nationwide

Doug Collins, UGA Lee County Extension Agent Doug Collins, UGA Lee County Extension Agent
LEESBURG, GA (WALB) -

With its price dropping, farmers are showing concern about the price of cotton.

The price has dropped around 20 percent over the past four months due to increased production worldwide.

Lee County Extension Agent Doug Collins says cotton isn't the only crop hurting.

"All commodity prices are suffering now," Collins said. "Commodity prices are low relative to other things. Much lower than they have been in several years, which is a problem for growers."

Georgia's cotton crop hit a record value in 2011 of nearly 1.3-billion dollars.

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