This is a study of the textile industry, how it was hit by crisis, and its involvement in the production and marketing of cotton, its main raw material. When "Industry Goes Farming" it signals a new phase in third world industrialisation, with far-reaching consequences for agriculture. Can peasants solve the problems of industry or must agriculture itself be industrialised? The study examines both the industrial end of the raw material crisis and industry's strategies for subordinating or replacing the peasantry.