NCC: Farm Legislation Passage Much Needed

DanCotton, Farm Bill, Industry News Release

The National Cotton Council (NCC) is urging the U.S. House of Representatives to approve the Agriculture and Nutrition Act of 2018 without any damaging amendments to farm policy.

nccNCC Chairman Ron Craft, a Plains, Texas, ginner, said that legislation, recently approved by the House Agriculture Committee, includes critically important policies for cotton producers and the entire U.S. cotton industry. He noted that although budget constraints did not allow all of cotton’s priorities to be included, the Agriculture Committee is to be commended for its work.

“Cotton producers rely on the certainty and predictability of farm law to obtain the financing necessary for capital investments and annual crop production,” Craft said. “Without strong commodity and crop insurance policies underpinning U.S. agriculture, lenders would be reluctant to provide financing to an industry operating at the mercy of weather extremes and volatile global market prices.”

He said that a strong farm bill also supports a healthy and thriving rural economy that includes cotton gins, warehouses, marketing coops and merchants to market the crop, cottonseed handlers, and textile manufacturers. Today, this nation’s 20,000 cotton farms and other cotton businesses employ 126,000 people and generate more than $21 billion in annual revenue.

“The current trade tensions further underscore the importance of having a strong, predictable farm policy,” Craft stated. “Cotton is heavily export dependent, and this farm bill continues important policies to help U.S. cotton producers compete in a highly competitive global marketplace.”

As the unifying force of the U.S. cotton industry, the Memphis-based NCC’s mission is ensuring the ability of U.S. cotton industry’s seven segments to compete effectively and profitably in the raw cotton, oilseed and U.S.-manufactured product markets at home and abroad.