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

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

October 2017

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
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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