Home / Knowledge / News / Textiles / National Cotton Council welcomes Farm Bill Proposal
National Cotton Council welcomes Farm Bill Proposal
21
Nov '11
The National Cotton Council commends the House and Senate Agriculture Committees for their diligent efforts in crafting a farm policy recommendation that is being delivered to the Joint Select Committee on Deficit Reduction. Although full details are not yet available, the current proposal includes a new crop insurance program for upland cotton. The program, known as the Stacked Income Protection Plan (STAX), is based on NCC recommendations.

“The Agriculture Committees have crafted a responsible set of farm programs that meets the target for deficit reduction and maintains vital safety nets for production agriculture," said NCC Chairman Charles Parker, a Missouri cotton producer.

STAX provides an income safety net by making available for purchase an affordable revenue-based crop insurance program consistent with crop insurance delivery and complementary of existing crop insurance programs. Specifically, STAX would address shallow revenue losses on an area-wide basis with producer premiums offset to the maximum extent possible using available cotton program spending authority.

The NCC believes the STAX structure will: 1) best utilize reduced budget resources, 2) respond to public criticism by directing benefits to growers who suffer losses resulting from factors beyond their control, and 3) build on existing crop insurance -- thus ensuring no duplication while offering program simplification potential.

In addition, cotton faces the unique constraint of satisfying the longstanding trade dispute with Brazil. Coupled with the discontinuation of cotton's counter-cyclical payment program and adjustments to the level of the upland cotton marketing loan, the NCC believes a crop insurance delivery system addresses the Brazil case findings. These cotton program revisions are scheduled to go into effect for the 2013 crop year.

The NCC urges Joint Committee members to adopt the Agriculture Committees' recommendations. The comprehensive recommendations make significant modifications and reform to commodity policy to achieve budget reductions. Additionally, the recommendations improve and extend important risk management, conservation, trade promotion, research, and nutrition programs. These important programs underpin and enhance U.S. agriculture's ability to remain competitive and contribute to economic growth and job creation.

The National Cotton Council

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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