LAUDERDALE COUNTY, Ala. (WAFF) - Cotton farmers say this trade war is taking a tremendous toll on their livelihood.
They say within the last year cotton prices have dropped 25 cents. If prices continue to fall, farmers in the Shoals could be put out of business.
Randall Vaden grows cotton and corn. He is a fourth-generation family farmer. Vaden says he never thought the prices would drop below the cost of production.
“When this got started last year, we had cotton being traded around 94 to 93 cents a pound. Now it eased all the way down into harvest to the mid and upper 70s now we are in the mid 60s,” said Vaden.
Vaden says it’s also about the long-term impacts on farmers especially their relationship with China.
Vaden says the trade war needs to be resolved soon. He hopes President Donald Trump and Chinese leaders can come to the table and work out a solution before American cotton farmers go bankrupt.
Now it’s a matter of survival for all cotton farmers as they wait and hope something will change soon
“We need their markets and they need ours if we can get this worked out and start moving some crops. I don’t know about the potential to have it back in 90s anytime soon but I’m sure it will be a lot better than it is now," said Vaden.