This week, Biden named the volunteers who will serve on the transition teams. Please see the link below for a list of the individuals.
Category: Uncategorised
Expected Leadership for the 117th Congress
Please see the link below for details regarding the expected leadership positions for the 117th Congress.
H.R. 6210 – Uyghur Forced Labor Prevention Act
USDA & USTR Say China Has Met 71% of 2020 Phase One Ag Purchase Target
On October 23rd, the Office of the United States Trade Representative (USTR) and the United States Department of Agriculture (USDA) released an Interim Report on the Economic and Trade Agreement between the United States of America and the People’s Republic of China. The report states, “Using the best methodology, we have calculated that China has purchased approximately 71 percent of its target for 2020. They have purchased $23.6 billion in agricultural products so far this year. This is substantially more than the base year of 2017, and should end up being our best year ever in sales to China. It is still to be seen whether they meet their target but particularly given the COVID-19 effects on the global economy they are making substantial progress. It is worth noting that the Phase One Agreement did not go into effect until February 14, 2020, and March is the first full month of its effect. That means that we have seen seven months of agreement sales.” See full report below.
China Textile Mills’ Operations See Slight Operation Rate Recovery in September
Cottonchina.org.cn, China’s leading cotton trade media outlet, has conducted a survey among over 100 textile mills to understand their operation and demand for cotton in September. Based on their findings, mills’ operating rate and orders continue to recover, and mills are expecting a better situation for the rest of the year. Here are the details for your reference. Provided by: Yuan Associates
Senator Hoeven Thanks ACSA Leadership for Supporting CCC Reimbursement
Senator John Hoeven of North Dakota thanked ACSA Leadership for writing a letter of supporting for full CCC reimbursement during the continuing resolution negotiations.
House Democrats from Cotton States Write Speaker Pelosi Requesting Support for Cotton Merchandisers and Manufacturers in Addition to Producers
Fourteen House Democrats from cotton states signed on to a letter to Speaker Nancy Pelosi expressing the importance of including the entire cotton supply chain in the next relief package. This letter was led by Representative David Scott of Georgia’s 13th district and Representative TJ Cox of California’s 21st district.
Nate Kauffman Updates CFTC’s Ag Advisory Committee on the Financial Status of U.S. Agriculture
In a report to CFTC’s Ag Advisory Committee, Nate Kauffman of the Federal Reserve Bank of Kansas City updated the committee on the financial status of agriculture in the United States. Demonstrating a downturn in farm income and liquidity since 2013, Kauffman reviewed the strength and resilience of farm real estate supporting balance sheets in every Federal Reserve District. See Mr. Kauffman’s slides below.
AMS Summit for ACSA Members
USDA’s Agricultural Marketing Service (AMS) will be hosting four informative session for ACSA members regarding data collection, Cotton Marketing News, and more. Please see dates and details below.
