This week’s Cotton Newsline is 4 cuts. All cuts are Darren Hudson, director of the cotton economic research institute at Texas Tech University.
Suggested Introduction 1:
With a tight budget situation in Washington, a lot of pressure to cut farm program payments is expected. Darren Hudson, director of the cotton economic research institute at Texas Tech University, says they have analyzed the elimination of direct payments.
Suggested Introduction 2:
Hudson says it is too soon to know what will happen because of the changes in the House Agriculture Committee.
Suggested Introduction 3:
Hudson says farm programs account for less than 10 to 15 percent of USDAs overall budget.
Suggested Introduction 4:
According to Hudson, prices could impact decisions made regarding farm programs.