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How drought cost America's cotton industry billions

Por: CNBC Business November 23, 2022

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Cotton farmers in Texas, where about 40% of , are facing a severe drought that is costing the industry billions.A lack of rain and is forcing growers in the state to abandon almost 70% of the cotton acres they planted earlier this year, according to a forecast by the United States Department of Agriculture (USDA).It's been one of the harshest growing years that we have ever seen historically, all the way back to the 1950s, said Kody... + full article



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