NCC Critical Of Obama Budget Proposal
Storage Costs Were Offset
The 2008 farm law includes provisions for the Commodity Credit Corporation (CCC) to pay a portion of the storage costs during periods of low prices. These provisions' costs were completely offset by changes in the upland cotton counter-cyclical target price.
"Baled upland cotton is an identity-preserved commodity that re-quires off-farm storage in facilities approved by CCC while under loan," Hardwick says. "Loan eligible cotton must comply with a number of CCC regulations stipulating bale wrapping and packaging.
"Foreign sales account for one-third of U.S. agricultural production's total value," Hardwick adds. "Solid export performance is essential for the economic health of rural America."
source : cottonfarming
Storage Costs Were Offset
The 2008 farm law includes provisions for the Commodity Credit Corporation (CCC) to pay a portion of the storage costs during periods of low prices. These provisions' costs were completely offset by changes in the upland cotton counter-cyclical target price.
"Baled upland cotton is an identity-preserved commodity that re-quires off-farm storage in facilities approved by CCC while under loan," Hardwick says. "Loan eligible cotton must comply with a number of CCC regulations stipulating bale wrapping and packaging.
"Foreign sales account for one-third of U.S. agricultural production's total value," Hardwick adds. "Solid export performance is essential for the economic health of rural America."
source : cottonfarming
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