Today's Cotton Newsline is 3 cuts. All cuts are Robbie Minnich, Senior Government Relations Representative for the National Cotton Council office in Washington, D.C.
Suggested Introduction 1:
USDA's Farm Service Agency (FSA) announced several adjustments to commodity loan programs to accommodate the automatic funding reductions, also known as "sequester." Robbie Minnich, Senior Government Relations Representative for the National Cotton Council office in Washington, D.C., joins us today to further explain the situation.
Suggested Introduction 2:
Minnich explains how the programs work and how they are being affected.
Suggested Introduction 3:
With commodity loan programs operating on a crop year basis, and Sept. 30th marking the end of the federal fiscal year, adjustments will occur for the 2013 crop year as follows: