The Cotton Board Approves Cotton Inc. $82 Million Budget for 2022
August 23, 2021 Board members of The Cotton Board have voted to recommend a budget of $82 million to the Secretary of Agriculture for the 2022 Cotton Research and Promotion Program managed by Cotton Incorporated.
The vote came during The Cotton Board’s 2021 Annual Meeting, held in-person in Durham, NC, along with Cotton Incorporated’s Board of Directors. The budget recommendation reflects a $2 million increase from 2021.
The 2022 Cotton Incorporated plan and budget remains focused on addressing several key industry issues in order to increase cotton market share and ensure long-term profitability for the industry. Key priorities outlined in the organization’s 2022 plan include increasing producer profitability; addressing plastic contamination issues that threaten U.S. cotton’s reputation; enhancing supply chain transparency, traceability, sustainability, and circularity; and maintaining strong consumer and industry promotion efforts.
“The increase of $2 million over last year’s budget is a bright spot for us,” said Berrye Worsham, President and CEO of Cotton Incorporated. “We think over the next couple of years, if things continue as they are now, we will be able to sustain increased budgets and devote greater resources to address major cotton issues and initiatives.”
For a recap of Worsham’s commentary on the 2022 plan and budget, see the Aug. 17 Cotton & Coffee episode on the Cotton Board website.
During its Business Session, The Cotton Board re-elected its current slate of officers for an additional one-year term to allow the leadership group to participate in on-site, in-person meetings – an opportunity disrupted in 2020 by the COVID-19 pandemic. Those officers are:
- Chairman – Jimmy Webb, Producer from Leary, GA
- Vice Chairman – Sonja Chapman, Importer from Boonton, NJ
- Secretary – Mark Nichols, Producer from Altus, OK
- Treasurer – Akiko Inui, Importer from New York City, NY
“Thank you to the men and women who volunteer their time to serve on the Cotton Board and Cotton Incorporated Board of Directors,” said Webb. “I cannot thank you all enough for all you’ve taught me and how you have responded over the past year. Our membership separates us from the rest of the pack. The diversity in our backgrounds, our experiences, and our perspectives help us move our industry forward.”
Based on information provided by The Cotton Board
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