We can all expect to pay more for our fabric in the near future. I live in Texas and the drought has severely affected this year's cotton crop - the plants died before producing any cotton. This will really cause the costs to skyrocket, as all the cotton will need to come from other countries. I realize most of the fabrics we get come from China or India or such, but with 1/5 of the cotton out of the market this year, prices will be high.
So stock up while you can, next year will probably see prices of $12 a yd.