Home / Knowledge / News / Textiles / User Agreement for textile mills released by USDA
User Agreement for textile mills released by USDA
13
Dec '08
USDA today made available the User Agreement for textile mills participating in the Economic Adjustment Assistance (EAA) Program authorized by the Food, Conservation, and Energy Act of 2008.

The EAA program authorizes the Secretary of Agriculture to provide assistance to U.S. textile manufacturers that invest an equivalent amount of funds in capital improvements to their operations by acquiring, constructing, installing, modernizing, developing, converting or expanding land, plant, buildings, equipment, facilities, or machinery. Payments under the program are based on the amount of cotton (domestic or foreign) consumed by the textile manufacturer after August 1, 2008.

The National Cotton Council (NCC) and the National Council of Textile Organizations (NCTO) expressed support for the program and their appreciation to USDA officials for their work in successfully implementing the program in a manner consistent with the statute and Congressional intent.

NCC Chairman Larry McClendon of Marianna, Ark., stated, "U.S. growers appreciate the importance of the U.S. domestic textile industry and are hopeful this program will help the industry improve its competitive position in the textile and apparel marketplace."

NCTO Chairman/NCC Director Anderson Warlick of Gastonia, NC, said, "The timely release of funds under the Economic Adjustment Assistance program is critically important given the financial challenges faced by U.S. textile manufacturers dealing with uncertain credit markets, a sluggish economy and continued erosion of U.S. markets by subsidized textile and apparel imports. These funds can be an important component of our continued efforts to modernize our facilities and maintain competitiveness.”

Warlick noted that the program called for benefits to be provided as of August 1, 2008, and that participants would need to carefully review the applicable regulations and guidelines before they sign the User Agreement and apply for assistance. Click here to view the User Agreement.

McClendon stated that given the intense competition in the worldwide textile and apparel market, it was appropriate for the United States to help U.S. textile firms take steps to enhance their efficiency and improve their competitiveness.

"U.S. cotton producers worked with Congress to ensure this program would be budget neutral, even to the point of agreeing to a slight reduction in their own benefits in the 2008 farm bill,” McClendon said.

The NCC and the NCTO worked closely to promote inclusion of the new program in the recently enacted farm law. Program costs were offset by adjustments in the cotton program in order to make the program budget-deficit neutral.

Warlick stated that, "NCC and NCTO leaders look forward to working with USDA to ensure that the program achieves its objectives and that participants fully comply with all provisions of the regulations and User Agreement."


National Council of Textile Organizations

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marcel Alberts
Eurofibers

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

Eamonn Tighe
Nature Works LLC

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search