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regulation

Improved Decision-Making Is ‘Beltwide’ Goal

The 2017 Beltwide Cotton Conferences (BWCC) can help its attendees improve production, processing and marketing efficiency by providing them with insight into the latest available tools and research findings. Those planning to attend the concurrent conferences, set for Jan. 4-6 at the Hyatt Regency Dallas Hotel in Dallas, Texas, are urged to register and make hotel reservations. Information about those ... Read More »

Two Examples Demonstrate Regulatory Overreach

Commentary By Blake Hurst Missouri Farm Bureau When the elections are over and the U.S. Congress returns to work, it’s time for regulatory reform. Why should that be a top priority of the new Congress? Well, let’s talk about Charlie and John. Charlie owns a small fertilizer plant. It supplies anhydrous ammonia to Charlie’s farm and to the rest of ... Read More »

Industry News for November 2016

Presidential Candidates Answer Farmers’ & Ranchers’ Questions Every four years, the American Farm Bureau Federation asks the Democratic and Republican presidential nominees to address the issues that concern farmers and ranchers the most. The organization asked Democratic nominee Hillary Clinton and Republican nominee Donald Trump the same questions. Both candidates explained their positions on biotechnology, trade, immigration reform, regulatory reform, ... Read More »

Time And Money Affect Ag Insurance Uptake

Farmers use crop insurance to protect themselves against risk — primarily against crop failure and low market prices. In the United States, the federal crop insurance program has grown steadily since the mid-1990s and become the single largest individual program providing support to farmers under the 2014 Farm Act. Growth in crop insurance programs — both in the United States and in developing countries — appears to be driven in part by premium subsidies from governments. Unlike previous research on the topic, which emphasizes a farmer’s attitude toward risk as the primary driver of insurance uptake, this report analyzes the relationship between wealth, savings and insurance over time to identify alternative approaches to managing farm risk. What Did The Study Find? When farm households consider multiple growing seasons, insurance and savings are substitutes. Demand for insurance will fall as the interest rate on savings rises; similarly, farmers will save more and insure less as insurance premium rates increase. The exception is among farm households that are less wealthy; when wealth is low to start, additional savings complements insurance, allowing households to be able to afford to pay an insurance premium when they do not yet have enough savings to completely self-insure. Demand for crop insurance, when examined over multiple years, is primarily driven by the farmer’s financial wealth rather than the farmer’s attitude toward risk. Both uptake of insurance and choice of coverage levels are heavily determined by the producer’s income and savings. Crop insurance is in low demand at both Read More »

A Necessary Assessment

Although export of raw cotton has become essential to U.S. cotton producers’ economic well-being, the National Cotton Council continues its longstanding work for our domestic textile industry. How about assistance in the legislative arena? n A major effort is the NCC’s work to maintain the highly successful “Economic Assistance to Users of Upland Cotton” program first introduced in 2008 farm law and reauthorized in the 2014 bill. This program makes a payment of 3 cents per pound to U.S. textile manufacturers for all upland cotton consumed. Payments must be used for specific purposes such as acquisition, construction, installation, modernization, development, conversion, or expansion of land, plant buildings, equipment, facilities or machinery. More recently, the NCC has been working with the Washington D.C.-based National Council of Textile Organizations (NCTO) and key lawmakers to make sure the Berry Amendment is not weakened in the FY16 National Defense Authorization Act. That Amendment requires the Department of Defense and the Department of Homeland Security to purchase textiles and apparel made with 100 percent U.S. fiber and labor. Likewise, the NCC, NCTO and others have conveyed to lawmakers the critical need for Export-Import Bank Reauthorization. The Ex-Im Bank provides important financing for the U.S. textile industry and its ability to export products. Read More »

Bogue Chitto Gin

New Mississippi Facility Exceeds Wildest Dreams By Carroll Smith Editor Tucked away in Noxubee County, Miss., about 1½ miles down Deerbrook Road, Bogue Chitto Gin Inc. is an impressive testimony to area producers’ faith in cotton. The 25 stockholders settled on the name Bogue Chitto (“big water”) as a nod to the Choctaw Indian culture that is of historical significance ... Read More »