Finally, the Brazil case is based on the cotton program under the 2002 farm bill. Under the newly enacted 2008 law, cotton was the only commodity that received a decrease in its target price.
Mandatory adjustments in the operation of the cotton loan program will result in a decrease in the average marketing assistance loan available to eligible U.S. cotton producers. The new farm law also includes a dramatically modified income test which will result in some producers being ineligible for program benefits.
The World Trade Organization (WTO) findings regarding the U.S. cotton program are out of date and out of touch with existing market conditions.
National Cotton Council of America
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