Final Rule Issued on Cotton Program/CCC-Approved Warehouses
USDA Commodity Credit Corp. (CCC) issued a final rule that makes three changes to the regulations for the cotton program and to the regulations for CCC-approved warehouses used for cotton.
The rule removes obsolete definitions from the regulations for cotton non-recourse loans and loan deficiency payments. It also clarifies the […]
CHINA DEVALUES AMERICAN INDUSTRY
(FROM GASTON GAZETTE)
Anderson Warlick, CEO of Gastonia’s Parkdale Mills
China is stealing American jobs. Ninety thousand U.S. textile and apparel jobs have disappeared since the start of the recession. China is responsible for the lion’s share of them. We have already racked up a textile and apparel trade deficit of $23.6 […]
The editor of the DTN Ag Policy Blog reported yesterday: “Barring an outright collapse, Democrats will maintain control of the Senate. The question is by how much and whether Sen. Harry Reid, D-Nev., will be back and stay majority leader.” “Naturally, the major race right now is Senate Agriculture Committee Chairman Blanche Lincoln’s campaign […]
Today’s Wall Street Journal reported that, “Mexico plans to impose tariffs on an expanded array of American products, from pork to pistachios, escalating a trade dispute over a U.S. ban on Mexican truckers operating north of the border.
“Mexico’s Economy Ministry said Monday it would add 26 U.S. products to its tariff list while removing 16 […]
A July 20 Congressional Research Report “Measuring Equity in Farm Support Levels”- by Randy Schnepf, Specialist in Agriculture Policy, is attached.
EXCERPT: This report looks at available data for the major program crops and compares support rates per unit, total payments, payments per harvested acre, payments as a share of the value of production, […]
Attached is a presentation on Ag Swaps and the Dodd/Frank Bill presented during yesterday’s meeting of the CFTC Ag Advisory Committee. Also, ACSA President Jordan Lea presented ACSA’s views on the Informa Report during Thursday’s hearing and did an excellent job representing ACSA’s views and policy.