Home / Knowledge / News / Textiles / NCC urges release of new farm regulations immediately
NCC urges release of new farm regulations immediately
10
Dec '08
The National Cotton Council joined every major commodity and farm organization in conveying serious concerns about the significant delay in publishing the regulations implementing numerous commodity and conservation provisions of the Food, Conservation, and Energy Act of 2008.

In a letter to Agriculture Secretary Ed Schafer, copied to Office of Management & Budget Director Jim Nussle and to Congressional leaders, the groups urged the Administration to release the regulations immediately.

“We certainly understand the significant challenge of implementing the provisions of the new farm law, but it is critical that program provisions be announced in a timely fashion so that farmers can make decisions for the 2009 crop year,” the letter stated.

The letter reminded officials that the new farm law includes a requirement that implementing regulations be issued within 90 days of enactment. The statute also specifies that a 22 percent advance Direct Payment should have been offered to eligible producers beginning on December 1.

“The rapid decline in commodity prices, the unprecedented volatility that still exists in commodities futures markets, the tightening of credit, and sustained increases in the cost of many inputs have strained the cash position of many producers,” the groups stated. “The advance Direct Payments would help producers now, but they cannot request these funds until sign-up begins and sign-up can not start until the regulations are published.”

Ricky Bearden, a Texas producer and NCC director, said, “farm program signup should be underway and producers should be receiving advance direct payments to use in financing their 2009 crops. Price volatility has caused many producers to delay marketing their crops so cash flow is critical and the advance payment option provided by Congress is increasingly important to farmers, suppliers and financial institutions.

In addition, some producers would like to know the details of the new Average Crop Revenue Election (ACRE) program option so they can decide whether to enroll or continue to participate in the traditional price support program. The decisions to participate in ACRE is a long term irrevocable commitment so farmers need to know the details of the new program to make an informed decision.”

The letter also pointed out that the new law also significantly lowers the adjusted gross income test used to determine program eligibility and contains modifications to payment limitation rules that will eliminate spousal discrimination and will provide for the direct attribution of payments.

“Farmers will have to carefully review their farming operations to determine the impact these changes will have on them prior to signing up for commodity and conservation programs,” Bearden said.

National Cotton Council


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Marcel Alberts
Eurofibers

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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:
July 2017

July 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