The National Cotton Council (NCC) is pleased with the farm bills out of the House and Senate Agriculture Committees this week that make some pretty significant changes in the cotton program to hopefully provide final resolution of the longstanding Brazil WTO case.
“The focus has been to try and come up with farm policy for cotton in the new farm bill that will resolve the case,” said NCC vice president for Economics & Farm Policy Gary Adams. “We believe that STAX, which would be a new area-wide revenue insurance option for cotton, is a way to resolve the case.”
Adams says the provisions for Stacked Income Protection Plan (STAX) are “very similar” in both bills, while the House also includes transition payments to assist growers and their lenders until STAX can be fully implemented, “so that’s a difference that has to be worked out.”
Bottom line, Adams says producers need a farm bill this year. “The one thing we hope is we can see Congress complete its action this summer so we can get a multi-year farm bill in place and give producers some certainty about what policy is going to be for the next few years,” he concluded.[wpaudio url=”http://zimmcomm.biz/cotton/ncc-adams.mp3″ text=”Interview with NCC VP Gary Adams”]