Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   
   

Agricultural News


National Cotton Council Grateful for Latest Trade Mitigation Payment Plan Announced by Trump Administration

Fri, 24 May 2019 06:08:17

National Cotton Council Grateful for Latest Trade Mitigation Payment Plan Announced by Trump Administration The National Cotton Council (NCC) conveyed its appreciation to the Trump Administration for instituting a second round of trade mitigation payments for U.S. farmers.

NCC Chairman Mike Tate said this round of assistance, like the first one initiated in 2018, will help partially mitigate the impacts of retaliatory tariffs being placed on U.S. raw cotton to China.
“This assistance program also continues the provision of funds for export promotion which the U.S. cotton industry needs to expand markets for our raw fiber,” Tate said.

The Alabama cotton producer, who participated in today’s announcement event, noted that this second round of assistance is timely as many producers across the Cotton Belt are still feeling the impact from severe weather-related events in 2018.

“While our industry is very thankful for this assistance, we strongly encourage the Administration to engage in constructive dialogue with China to address unfair trade practices and barriers,” Tate said. “China traditionally has been U.S. cotton’s top export destination. Resolution of the current trade tensions remains our top priority.”

Recently, the NCC had conveyed to Agriculture Secretary Sonny Perdue several modifications designed to enhance the effectiveness of the trade assistance package.

The NCC also urged USDA to 1) assist the participants in the cotton merchandizing and distribution channels to offset the higher costs associated with shipping cotton to alternative markets and 2) recognize the significant impacts on the cottonseed segment and their product markets.
“The economic impacts extend beyond the farm gate and we will continue to work with the Administration to find avenues for further assistance,” added Tate.

The Memphis-based NCC’s mission is ensuring the ability of the U.S. cotton industry’s seven segments to compete effectively and profitably in the raw cotton, oilseed and U.S.-manufactured product markets at home and abroad.


Source- National Cotton Council.



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Scattered Rain Showers This Week and Next Expected to Slow Expanding Flash Drought Across Oklahoma  Thu, 22 Aug 2019 12:16:01 CDT
  • Elanco Announces Agreement to Acquire Bayer’s Animal Health Business  Thu, 22 Aug 2019 11:56:09 CDT
  • American Angus Association Rolls Out New Genomically Enhanced EPD Index Data Set  Thu, 22 Aug 2019 10:49:52 CDT
  • Thursday Preopening Market Update with Dave Lanning  Thu, 22 Aug 2019 07:14:46 CDT
  • Feeder Steers and Heifers Traded 3.00-5.00 Higher on Limited Comparable Sales Wednesday at OKC West  Wed, 21 Aug 2019 16:52:55 CDT
  • Feeder Steers and Heifers Traded 3.00-5.00 Higher on Limited Comparable Sales Wednesday at OKC West  Wed, 21 Aug 2019 16:52:19 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, August 21, 2019   Wed, 21 Aug 2019 16:24:08 CDT
  • Checking in on the Beef Checkoff - Oklahoma Beef Council Encourages You to Attain Your Official BQA Certification  Wed, 21 Aug 2019 16:20:33 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.