Today’s Cotton Newsline is 2 cuts. All cuts are Reece Langley, Vice President of Washington Operations for the National Cotton Council.
Suggested Introduction 1:
Last week the Senate passed their version of the 2018 Farm Bill. During the Senate Ag Committee consideration of the bill several weeks ago, two amendments were adopted that were extremely damaging to U.S. cotton policy. One of those would have eliminated cotton storage credits within the marketing loan program. The other would have eliminated the economic adjustment assistance program for U.S. textile mills. Following the Senate Ag Committee’s consideration of the bill, the National Cotton Council worked constantly to try to restore those provisions and prevent any further damaging amendments from being included as the bill moved through the full Senate. Reece Langley, Vice President of Washington Operations for the National Cotton Council, joins us with some good news for the U.S. cotton industry.
Suggested Introduction 2:
As we look ahead, the House and Senate Ag Committee leadership will begin the conference committee process where they will work to negotiate the differences between the two bills and try to arrive at a final version of the Farm Bill that can be voted on and moved through Congress sometime this calendar year.