This week’s cotton newsline is 2 cuts. Both cuts are
Suggested Introduction 1:
In a letter to Agriculture Secretary Tom Vilsack, The National Cotton Council recommended that USDA make the determination of the advance counter-cyclical payment (CCP) for ’09 upland cotton on February 26th after the release of the Agriculture Prices report. If price data warrant a payment,
Suggested Introduction 2:
Minnich says, in the letter the council expressed the financial importance of a partial CCP, particularly to areas suffering from ’09 crop losses.