Home / Knowledge / News / Textiles / National Cotton Council says CR&P benefits everyone
National Cotton Council says CR&P benefits everyone
19
Nov '11
In response to a proposed amendment to legislation under Senate consideration to terminate all commodity check-off programs, the National Cotton Council said the highly successful Cotton Research & Promotion Program (CR&P) should be continued.

"Self-help programs such as the CR&P are more important than ever given the global market environment for U.S. cotton and the budget pressures on production and processing government research," NCC Chairman Charles Parker said. "Fortunately, the CR&P is a highly effective government/private sector partnership, one that generates returns for U.S. cotton producers and importers of cotton products through coordinated, effective research and promotion of U.S. cotton producers' end products."

The CR&P is charged with improving the demand for and profitability of cotton through research and promotion. Administered by the Cotton Board, the CR&P is conducted by Cotton Incorporated and governed by the USDA. It is funded entirely by assessments levied on U.S. cotton producers and importers of cotton and cotton products. USDA requires that all check-off programs conduct an independent review of their program every five years to evaluate the program's effectiveness. The study is peer-reviewed.

Parker pointed to a recent in-depth, independent economic effectiveness study contracted by the Cotton Board and conducted by Forecasting and Business Analytics, LLC. That firm reported that, "Unequivocally, cotton producers, importers and the government benefit from the check-off program."

The study concluded that for the life of the CR&P, it had generated an $8.80 return (for producers and the U.S. government) for each dollar invested by producers and a $14.80 return for each dollar invested by U.S. importers of cotton products. The program also generated the following positive economic returns:
• U.S. cotton farm prices averaged 5.4 cents per pound higher;
• U.S. cotton production averaged 500,000 bales higher;
• Annual world consumer demand for cotton was higher by 2 million bales per year;
• U.S. mill cotton consumption was 1.2 million bales more than it would have been without the program;
• U.S. importers of cotton products increased profits by an average of $900 million per year.

National Cotton Council


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

PVH, WWF tie up to protect water bodies in Ethiopia, India

Apparel/Garments | On 23rd Apr 2018

PVH, WWF tie up to protect water bodies in Ethiopia, India

PVH Corp , parent company of brands like Tommy Hilfiger, Calvin...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search