This week's Cotton Newsline is 4 cuts.All cuts are Chuck Coley, Chairman of the National Cotton Council.
Suggested Introduction 1
The U.S. cotton industry believes a revenue insurance program that supplements existing insurance products would provide an important and affordable tool -- especially given the weather uncertainties and risks that farmers face. In testimony before the Senate Agriculture, Nutrition & Forestry Committee, National Cotton Council Chairman Chuck Coley recalled the 2010 prolonged drought in Texas and Oklahoma, that year's severe drought in his area of South Georgia as well as the severe flooding in Mississippi and Arkansas.
Suggested Introduction 2
Coley stresses the importance to have access to crop insurance, risk management tools and even emergency assistance programs to survive and recover from disasters.
Suggested Introduction 3
Speaking from his experience as a cotton ginner, Coley told the Committee that the increasing volatility of commodity markets, particularly cotton, also has made the risks of marketing a crop incredibly challenging.
Suggested Introduction 4
Coley believes the Senate Ag Committee understands a one size fits all plan will not work across all commodities and would like to come up with a plan and move forward.