This week's cotton newsline is 2 cuts.Both cuts are Craig Brown, Vice President of Producer Affairs for the National Cotton Council.
Suggested Introduction 1
The National Cotton Council believes that sound farm policy is essential to the economic viability of the cotton industry.Craig Brown, Vice President of Producer Affiairs for the Council says the combination of the marketing loan, direct payments, and counter-cyclical payments, as structured in the 2008 Farm Bill, has served the cotton industry extraordinarily well and, in recent years, has required minimal federal outlays.
Suggested Introduction 2:
According to Brown in order to respond to the challenge of designing the most effective safety net with reduced funding, and to make modifications that will lead to the resolution of the Brazil case, the industry recommends an adjustment to the current program, which will result in strengthening growers' ability to manage risk by making an affordable revenue-based crop insurance program available for purchase.