Saturday, August 04, 2012

Marketing Quotas

FSA goes through the motions of determining whether to declare marketing quotas for upland cotton.  It's a nullity, because there's no way to determine the acreage allotments for cotton if quotas were declared.  If quotas are declared, the next step is to provide notices of farm acreage allotments to farmers, who then vote in a referendum whether to agree to the imposition of quotas.  The last referendum on wheat or cotton was back in the mid 1960's, and it was defeated. 

If Congress had any sense they'd kill the 1938 Act, the permanent legislation which comes back into effect whenever there's no farm bill passed before a crop year begins.

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