cotton board

Cotton Board Recommends $86 Million Budget and Elects Chairman

Dan Cotton, Industry News Release

cotton board
Current Chairman Jeff Posey passes a platter to outgoing Cotton Board Chairman Peter McGrath.

Texas cotton producer Jeff Posey elected Cotton Board chairman and new officers elected

During its annual meeting in Durham, North Carolina, the Cotton Board reviewed and voted to recommend Cotton Incorporated’s proposed 2020 budget of $86 million to the Secretary of Agriculture. This is a $4 million increase from the 2019 budget.

The 2020 Cotton Incorporated plan and budget remains focused on several primary issues and addresses some immediate challenges in order to increase market share and restore long-term profitability to the industry. Top program priorities include sustainability, agricultural research, cottonseed value and lint contamination.

The Agricultural and Environmental Research Department of Cotton Incorporated will receive the most substantial percentage budget increase, with a 12 percent increase in funding for 2020. The budget and plan, along with the Cotton Board’s recommendation of approval, will be forwarded to the United States Department of Agriculture for final approval.

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Jeff Posey

During its business session, the Cotton Board elected new officers to guide the program, including Jeff Posey to serve as chairman for the 2019-2020 program year. Posey, a cotton producer from Roby, Texas, commented on his election, saying, “I am honored to be serving as the Cotton Board’s chairman. My service on the Cotton Board has been one of the most educational and meaningful experiences of my life. Meeting farmers and importers from all over the U.S. has given me more wisdom and understanding of the cotton industry than I could have ever expected. I look forward to serving this industry and assisting the Cotton Board in achieving its mission of increasing the demand for and profitability of cotton.”

Posey is a fourth-generation cotton grower operating over 5,000 acres in the Rolling Plains of Texas. Posey began serving on the Cotton Board in in 2005 and is a 2010 High Cotton Award recipient.

Before passing the gavel to Posey, outgoing Chairman Peter McGrath, a cotton importer from Colorado, said ” Jeff has a distinguished record of service to the cotton industry. He consistently tackles challenges with great character, thoughtfulness and determination, and I know he’ll do the same as he leads our program.”

The full slate of newly elected Cotton Board officers is as follows:

  • Jeff Posey, producer from Roby, Texas, chairman
  • Jimmy Webb, producer from Leary, Georgia, vice chairman
  • Sonja Chapman, importer from Boonton, New Jersey, secretary
  • Mark Nichols, producer from Altus, Oklahoma, treasurer

Source: The Cotton Board