Cotton growers win relief from payment limitBottom line. Despite the actively engaged change I discussed yesterday, a well-organized interest group has ways to advance their interests which don't involve the farm bill.
Here are some key provisions for food and agriculture in the omnibus:
Cotton assistance - The bill would reinstate the use of commodity certificates, which provide a way around the $125,000-per-person limit on marketing loan gains and other forms of subsidies. The provision would help producers “sell their cotton on a more orderly basis, and it keeps us from having to take ownership of the cotton,” said Conaway.
The use of certificates ended in 2009 when Congress eliminated a limit on marketing loan gains. The 2014 farm bill restored a limit on marketing loan gains by including them in the $125,000 limit and didn't restore certificates. But the cotton industry argues that the $125,000 limit ($250,000 per married couple) has created challenges for individual growers while threatening to disrupt cotton marketing.
Blogging on bureaucracy, organizations, USDA, agriculture programs, American history, the food movement, and other interests. Often contrarian, usually optimistic, sometimes didactic, occasionally funny, rarely wrong, always a nitpicker.
Thursday, December 17, 2015
No End to Payment Limitation Fights
From Agri-pulse on the omnibus bill:
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