Interviews
Agriculture Subcommittee adopts 5-year extension of current law
20 Jun '07
3 min read
American Cotton Producers Chairman Jay Hardwick, who attended the subcommittee meeting, expressed appreciation to Chairman Etheridge for his leadership and to all members of the subcommittee for their willingness to consider the industry's recommendations. Hardwick complimented Rep.
Marshall (D-GA) for his explanation and support for a very comprehensive proposal and appreciation to Cotton Belt members Jerry Moran (R-KS), Mike Conaway (R-TX), Randy Neugebauer (R-TX), Frank Lucas (R-OK), Kevin McCarthy (R-CA) and David Scott (D-GA) for their bipartisan support.
Hardwick expressed disappointment that the budget estimates of the proposal's cost, which had to be offset in order for the amendment to be considered, increased dramatically in the final hours leading up to the subcommittee meeting -- necessitating a more significant adjustment to the target price.
Hardwick also expressed appreciation to the members for committing to revisit the score and offsets prior to consideration by full committee. He said, “We are hopeful that a re-visited score will result in a smaller reduction to cotton's target price.”
Under the provisions of the subcommittee bill as amended, the upland cotton program for 2008 and subsequent crops would include a 52 cents base loan; a 6.67 cents direct payment; and 68.61 cents target price.
The payment base and yield used for direct and counter-cyclical payments are unchanged. Payment limitations are unchanged and the extra long staple program is extended in its entirety.
The full agriculture committee will consider all titles of the new farm legislation when Congress returns from the July 4 recess.
NCC Chairman John Pucheu reiterated the industry's commitment to work for an effective, market oriented farm program available to all growers regardless of size or organizational structure.
Marshall (D-GA) for his explanation and support for a very comprehensive proposal and appreciation to Cotton Belt members Jerry Moran (R-KS), Mike Conaway (R-TX), Randy Neugebauer (R-TX), Frank Lucas (R-OK), Kevin McCarthy (R-CA) and David Scott (D-GA) for their bipartisan support.
Hardwick expressed disappointment that the budget estimates of the proposal's cost, which had to be offset in order for the amendment to be considered, increased dramatically in the final hours leading up to the subcommittee meeting -- necessitating a more significant adjustment to the target price.
Hardwick also expressed appreciation to the members for committing to revisit the score and offsets prior to consideration by full committee. He said, “We are hopeful that a re-visited score will result in a smaller reduction to cotton's target price.”
Under the provisions of the subcommittee bill as amended, the upland cotton program for 2008 and subsequent crops would include a 52 cents base loan; a 6.67 cents direct payment; and 68.61 cents target price.
The payment base and yield used for direct and counter-cyclical payments are unchanged. Payment limitations are unchanged and the extra long staple program is extended in its entirety.
The full agriculture committee will consider all titles of the new farm legislation when Congress returns from the July 4 recess.
NCC Chairman John Pucheu reiterated the industry's commitment to work for an effective, market oriented farm program available to all growers regardless of size or organizational structure.
National Cotton Council
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