Today's Cotton Newsline is 4 cuts. All cuts are Bill Gillon, President and CEO of the Cotton Board.
Suggested Introduction 1:
The Cotton Board oversees the cotton industry's check-off program. Assessments are collected from cotton producers and importers of cotton apparel. Recently, USDA's Agricultural Marketing Service released a final rule that increases the value assigned to imported cotton and the cotton content of imported products so that it is the same as the valuation of cotton subject to producer assessments. Bill Gillon, President and CEO of the Cotton Board, shares the importance of the recent amendments and explains how cotton's value is assessed each year in the United States.
Suggested Introduction 2:
This regulation insures that both domestic cotton and the cotton content of imported products are assessed at the same value.
Suggested Introduction 3:
Gillon explains the timing of the rule.
Suggested Introduction 4:
The Cotton Board is looking forward to the 2013 Cotton Incorporated promotion program despite anticipated crop declines.