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

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silke Brand-Kirsch
Schlegel und Partner

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

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

Judy Frater
Somaiya Kala Vidya

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

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

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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