Industry Leaders' Testimonies at “Stress In Cotton Country” Hearing
Shane Stephens, NCC Vice Chairman and warehouser, a group of producer leaders and a West Texas banker outlined numerous market, policy, and regulatory issues that threaten to undermine US cotton’s health in testimony on Dec. 9 before the House Agriculture Committee’s General Farm Commodities and Risk Management Subcommittee.
NCC Vice Chairman Shane Stephens, a warehouser, Greenwood, MS; Shawn Holladay, a NCC director from Lubbock, TX; Cannon Michael, a NCC director from Los Banos, CA; Kent Wannamaker, president, Southern Cotton Growers, Saint Matthews, SC; Nathan Reed, Arkansas state chairman, American Cotton Producers, Marianna; and Mike Wright, a Lubbock banker; testified about the difficult economic situation US cotton is facing during a hearing of the House Agriculture Committee's General Farm Commodities and Risk Management Subcommittee.