NCC Critical Of Obama Budget Proposal
The National Cotton Council says that President Obama's FY2011 USDA budget ignores the extensive changes to production agriculture support that were embodied in the Food, Conservation and Energy Act of 2008. In addition, the NCC notes, USDA already has announced unwarranted restrictions in program eligibility during the legislation's implementation.
"The President's proposal on phasing down direct payments and limiting total payments affects the farms that produce more than three-fourths of all agricultural products marketed in the United States," says NCC chairman Jay Hardwick, a Louisiana producer.
"The financing demands of commercial agriculture require a high level of confidence by lenders in program availability. In the midst of a credit crisis, it makes no sense to threaten a vital component of the borrower's cash flow."
source : cottonfarming
The National Cotton Council says that President Obama's FY2011 USDA budget ignores the extensive changes to production agriculture support that were embodied in the Food, Conservation and Energy Act of 2008. In addition, the NCC notes, USDA already has announced unwarranted restrictions in program eligibility during the legislation's implementation.
"The President's proposal on phasing down direct payments and limiting total payments affects the farms that produce more than three-fourths of all agricultural products marketed in the United States," says NCC chairman Jay Hardwick, a Louisiana producer.
"The financing demands of commercial agriculture require a high level of confidence by lenders in program availability. In the midst of a credit crisis, it makes no sense to threaten a vital component of the borrower's cash flow."
source : cottonfarming
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