The NCC is especially grateful to the Committee for including the Stacked Income Protection Plan (STAX) with provisions consistent with the industry’s proposal and the new Supplemental Coverage Option (SCO) enhancement to crop insurance in the final package.
The NCC also commended the Committee for not accepting any amendments to further restrict program eligibility reduce payment limitations or impose limitations on marketing loan benefits.
NCC Chairman Chuck Coley said, “In an environment where a single piece of equipment costs in excess of $650,000 and where price volatility requires access to capital and risk management tools, our growers and their lenders need the certainty that they will be eligible for programs without regard to organizational structure or income.”
Coley also expressed appreciation to Committee leaders and members for addressing the interests of the entire cotton industry by including provisions to assist U.S. textile manufacturers, extending the marketing loan and adjusted world price redemption process, extending the Market Access Program and the Foreign Market Development Program that provide seed money for important promotion programs, and extending the extra-long staple program.
In underscoring the bill’s importance, the Georgia producer said, "Given the diversity of U.S. agriculture, we are pleased that the legislation reported by the Committee provides choices that offer a balanced safety net for all commodities and regions while facilitating market-driven cropping and marketing decisions."
While acknowledging the daunting challenge of maintaining a reasonable safety net given current budget constraints, Coley also commended the Committee’s cotton provisions for providing a basis to resolve the long-standing Brazil WTO case.
Coley said, "We commend the Committee leaders and the members of the Committee for acting in a timely way to move this important legislation to the next step. We urge the House leaders to promptly schedule time for the House to consider and pass the legislation reported by the Agriculture Committee.
“The rural economy is one of the few bright spots and it is essential that long term policy be enacted before the expiration of current law to allow farmers and agribusinesses to plan for the future. We look forward to working with the House leadership to move the bill reported by the Committee."
National Cotton Council
Textiles | On 20th Apr 2018
Vietnam earned $7.339 billion from textile and garment exports in the ...
Apparel/Garments | On 20th Apr 2018
Uganda is yet to take full advantage of the Africa Growth and...
Textiles | On 20th Apr 2018
KBR, Inc. has successfully completed the ethylene plant revamp...
Top executives
Textile industry, India
Such fairs are a must for industry to showcase new innovations
Sunil Kumar Sharma
Loknayak JPNSSSG Ltd
'The blend of cotton–linen yarn has high demand in the domestic and...
Milind Khandwe
Hindoostan Innovation Centre
‘Modern technical textile is an indispensable tool for science and...
Eric Scholler
Groz-Beckert
The Indian market has huge potential in technical textiles, and by far,...
Steve Cole
Xerium Technologies
Steve Cole of Xerium Technologies discusses the industry. Xerium is the...
Silke Brand-Kirsch
Schlegel und Partner
Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...
Amiben Shroff
Shrujan
From its modest beginning in the late 1960s, Shrujan has grown into a...
Prathyusha Garimella
Prathyusha Garimella
Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...
Anisha Chaudhari
Threads & Shirts
Threads & Shirts is a freshly-tailored concept providing men/women a...
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
Yes No SkipActive Poll
Do you see sustainability as a route to business growth?
YesTotal Votes: 103
Do you think adopting a sustainable approach will be a profitable move for your business?
Yes No SkipActive Poll
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
YesTotal Votes: 103
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
Yes No SkipActive Poll
Do you think adopting a sustainable approach will be a profitable move for your business?
YesTotal 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?
YesTotal Votes: 103