This week’s Cotton Newsline is 3 cuts. All cuts are Robbie Minnich, senior government relations representative for the National Cotton Council.
Suggested Introduction 1:
Secretary of Agriculture Tom Vilsack announced that USDA will issue approximately $121 million in partial 2009 crop counter-cyclical payments to producers with upland cotton and peanut base acres enrolled in USDA’s Direct and Counter-cyclical Payment program. Robbie Minnich, senior government relations representative for the National Cotton Council, says the upland cotton CCP rate is 1.03 cents.
Suggested Introduction 2:
Minnich says, under the 2008 Farm Bill, producers are required to repay any amount by which the partial payment exceeds the actual CCP.
Suggested Introduction 3:
According to Minnich, all commodities other than upland cotton and peanuts, the market price projections exceed levels that would trigger payments.
