Home / Knowledge / News / Textiles / Administration's budget proposal undermines farm safety net, NCC
Administration's budget proposal undermines farm safety net, NCC
03
Feb '10
The National Cotton Council said that President Obama's FY2011 USDA budget ignores the extensive changes to production agriculture support that were embodied in the Food, Conservation, and Energy Act of 2008. In addition, the NCC noted, USDA already has announced unwarranted restrictions in program eligibility during the legislation's implementation.

NCC Chairman Jay Hardwick, a Louisiana cotton producer, said, “The President's proposal on phasing down direct payments and limiting total payments affects the farms that produce more than three-fourths of all agricultural products marketed in the United States. The safety net for America's farm families must be maintained. Congress spoke clearly to ensure sound agricultural policy that is fiscally responsible in the passage of the last farm law. Direct payments are compliant with the direction being taken in the World Trade Organization to reduce trade distorting support. The financing demands of commercial agriculture require a high level confidence by lenders in program availability. In the midst of a credit crisis, it makes no sense to threaten a vital component of the borrower's cash flow.”

The 2008 farm law includes provisions for the Commodity Credit Corporation (CCC) to pay a portion of the storage costs during periods of low prices. These provisions' costs were completely offset by changes in the upland cotton counter-cyclical target price.

The NCC emphasized that the Administration's proposal to eliminate the upland cotton storage credits is a failure to discern critical differences between commodities.

“Baled upland cotton lint is an identity-preserved commodity that requires off-farm storage in facilities approved by CCC while under loan,” Hardwick said. “Further, loan eligible cotton must comply with a number of CCC regulations stipulating bale wrapping and packaging.”

The NCC also is truly puzzled by the proposed reduction in Market Access Program (MAP) funding.

“While the Department of Commerce is announcing new programs for export promotion and job creation, the Administration proposes to cut support for agricultural export promotion,” Hardwick stated. “Foreign sales account for one-third of U.S. agricultural production's total value. Solid export performance is essential for the economic health of rural America and agricultural exports warrant aggressive support.”

National Cotton Council Of America


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

July 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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X