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Futures Classification and Quality Assurance in USDA, AMS, Cotton Program
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ABSTRACT The USDA, AMS, Cotton Program provides classification services to the cotton industry as authorized by the U.S. Cotton Statistics and Estimates Act, the Cotton Standards Act and the U.S. Cotton Futures Act. Practically all cotton grown in the United States is classed by the Cotton Program at the request of producers. The Cotton Program also provides classification services for all cotton tendered for delivery on futures contract at the New York Board of Trade. The Cotton Program maintains a stringent quality assurance program
to ensure accurate classification results are provided to the cotton
industry. The utilization of standardized quality assurance procedures
in all classing operations ensures that cotton is classed uniformly
in all Cotton Program offices across the cotton belt. The Cotton Program
actively investigates new techniques and methods to enhance the accuracy
and reliability of classification data provided to the domestic and
international cotton industries. |
©National Cotton Council, Memphis TN |
Document last modified April 16, 2003
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