This week’s Cotton Newsline is 2 cuts. Both cuts are Gary Adams, Vice President of Economics and Policy Analysis at the National Cotton Council.
Suggested Introduction 1:
The National Cotton Council is deeply concerned by the extent of the cuts to commodity, conservation and nutrition programs proposed by House Budget Committee Chairman Paul Ryan, a Republican from Wisconsin. Gary Adams, Vice President of Economics and Policy Analysis at the National Cotton Council, says these cuts represent 20 percent of the funding baseline for agricultural programs.
Suggested Introduction 2:
Adams says that there are several steps before an agreement is made regarding the federal budget.
Adams says that the US cotton industry understands the serious nature of the federal budget deficits and is committed to working with Congress to achieve a reasonable approach to deficit reduction that is equitable across all sectors and all programs; and also does not undermine the farm safety net for U.S. agriculture.