Click Cover to Read Digital Edition

AVAILABLE IN THE APP STORE
iPAD APP
iPHONE APP

UPCOMING EVENTS

 
Card Forum & Expo
April 22-25
Hilton Orlando Bonnet Creek
Orlando, Fla.
 
EMERGE: The Forum on Consumer Financial Services Innovation
June 2-4
Hyatt Regency Century Plaza
Los Angeles
 
Digital Banking Summit
June 2-4
Hyatt Regency Century Plaza
Los Angeles
 
2014 RDC Summit
Sept. 30 - Oct. 2
Las Vegas
 
ATM, Debit & Prepaid Forum
October 19-22
JW Marriott Desert Ridge
Phoenix
 
Money2020
November 2-6
Aria
Las Vegas
More events >  

Share |

Print Friendly and PDF

USDA Announces No Marketing Quota for 2014 Upland Cotton Crop

 

July 9 - The U.S. Department of Agriculture has announced that no marketing quota will be in effect for the 2014 upland cotton crop.

The Food, Conservation, and Energy Act of 2008 authorized commodity crop programs for the 2008 through 2012 crop years and the American Taxpayer Relief Act of 2012 extended this authorization for the 2013 crop year. Unless superseded by new farm legislation, any actions taken by USDA pertaining to the 2014 upland cotton crop must be done in accordance with the Agricultural Adjustment Act of 1938, as amended, and the Agricultural Act of 1949, as amended. Those laws would require, under certain market conditions, the imposition of quotas, acreage allotments and parity price support programs for upland cotton.

If a new farm bill is not signed into law or the current law is not extended, the 1938 Act would require that a marketing quota be established for the 2014 upland cotton crop if the 2013 total supply of the crop is likely to exceed the normal supply of the crop. Normal supply is defined as the sum of total domestic and export use plus carryout stocks equal to 30 percent of such use. Based on USDA projected supply and demand for the 2013 crop of upland cotton, no quota is required.



Back