“If current limits on-farm program benefits and eligibility requirements are dramatically changed in the middle of the farm law, commercially viable family farms, particularly those that produce cotton, rice and peanuts, will be particularly hard hit. This constant threat of mid-term changes not only affects farmers' ability to respond to market signals and make well-founded cropping, marketing and investment decisions, but it also impacts lenders, suppliers and agribusinesses. In short, it is bad for business and the rural economy.”
Lange explained that the current law not only has strict limits and eligibility requirements, the 2002 farm law also added a means test to ensure individuals with high, non-farm income don't qualify for benefits. Lange also noted that changes in current limits in program benefits could make it even more difficult for beginning farmers and small operators with limited resources to obtain production financing.
The National Cotton Council of America's mission is to ensure the ability of all US cotton industry segments to compete effectively and profitably in the raw cotton, oilseed and US - manufactured product markets at home and abroad.
National Cotton Council of America
marketing@alchempro.com
