The New Farm Bill Will Be Good for Cotton – Beginning in 2015

Capitol HillAfter three years of working on farm bill policy analysis with Congress, Joe Outlaw admits to a bit of farm bill fatigue. But he’s also optimistic that passage of the long-overdue legislation is near.

Outlaw, professor and Extension economist and co-director of the Agricultural and Food Policy Center at Texas A&M University, shared his thoughts on the farm bill at the Cotton Grower SoundOFF Luncheon, held during the 2014 Beltwide Cotton Conferences in New Orleans.

“The bill is basically done,” he said. “I truly believe it will be completed and be in place for the 2014 crop for basically every crop except cotton. Because of the transition to the STAX program, which is an insurance-based program, the cotton program will be delayed for one year, and there will be a partial direct payment for 2014.”

Even after three years in development, there is still a sense of urgency attached to the legislation. Outlaw explained that the Congressional Budget Office traditionally does a January baseline, which is released in February.

“There’s going to be intense pressure to get this legislation done quickly before that new round of budget estimates comes out,” he stated.

Because cotton will be moving to an insurance program, growers will no longer receive Title I benefits for anything other than the loan program under the new legislation.

“The cotton industry uses the loan program more than any other commodity for marketing purposes,” said Outlaw. “A safety net will be in place when this bill is finished, but it will be less than what growers have had in the past. Congress is spending less money. There’s no way to provide more support with less money.”

Outlaw fully believes the STAX program will work for the cotton industry. But he also reminds growers that there are no floors in an insurance program. When the price goes down, so does the level of protection.

“Growers will have to protect their prices in a different mechanism,” he pointed out. “It’s going to be a new world for cotton, and I believe it will work and provide some support. But there’s not going to be the price protection that has been there in the past.”

Topics:

Leave a Reply

News Stories
News

FiberMax One Ton Club Celebrates 10 Years, Honors 183 Growers

April 17, 2015

Bayer CropScience celebrated ten years of the FiberMax One Ton Club and honored 183 growers for producing one ton yields in 2014.

News

FMC Completes Acquisition of Cheminova

April 21, 2015

FMC Corporation has completed its $1.8 billion acquisition of Cheminova.

International

High Quality Draft Sequence of Upland Cotton Genome Released for Research

April 21, 2015

An international consortium has made a high-quality draft genome sequence of Upland cotton publicly available for cotton research.

News

USDA Announces 2015 Cotton Loan Rate Differentials

April 17, 2015

USDA’s Farm Service Agency has announced the 2015-crop loan rate differentials for Upland and extra-long staple cotton.

Insect Control

Mississippi Scout School Schedule Set

April 16, 2015

Mississippi State University has scheduled five scout schools in late May and early June.

News

NCC Sets P.I.E. Program Tour Dates for 2015

April 10, 2015

The National Cotton Council has scheduled tour dates and locations for the 2015 Producer Information Exchange (P.I.E.) Program.

News

Bayer CropScience Opens New North Carolina Research Station

April 6, 2015

Bayer CropScience has opened a new $6.3 million state-of-the-art Breeding and Trait Development Station in Pikeville, NC for cotton and soybean research.

Around The Gin
Product News

EPA Approves Enlist Duo Herbicide for Use in Additional States

April 2, 2015

The EPA has approved Enlist Duo herbicide for use in nine additional states, including four in the Cotton Belt.

Product News

New 2015 CROPLAN Cotton Varieties Feature Bollgard II XtendFlex Technology

March 19, 2015

WinField is adding Monsanto’s new Bollgard II XtendFlex cotton trait to two new CROPLAN cotton varieties for 2015.

Precision Technology

New Features for TeeJet Aeros 9040 Field Computer

March 18, 2015

TeeJet has added new features to its Aeros 9040 Field Computer for 2015.

Precision Technology

TeeJet Launches New DynaJet Flex Nozzle Control System

March 17, 2015

The new DynaJet Flex 7120 nozzle control system from TeeJet Technologies helps growers manage spray quality across a variety of operating speeds and application rates.

Product News

New Cheminova Chemistry to Help Control Herbicide Resistant Weeds

February 23, 2015

Cheminova plans to register pethoxamid, a new herbicide active ingredient, to help growers manage herbicide-resistant weeds.

Product News

Brake Herbicide Receives Section 18 Approvals in Six States

February 18, 2015

Brake Herbicide has received Section 18 emergency use exemptions for control of glyphosate-resistant Palmer amaranth in six cotton producing states.

Precision Technology

TeeJet Matrix 430 Provides Simple, Easy-to-Use Guidance

February 18, 2015

TeeJet Technologies’ new Matrix 430 GNSS guidance system is ideal for a wide range of field applications.

Precision Technology

TeeJet Launches RX520 High-Precision GNSS Receiver

February 17, 2015

TeeJet Technologies has introduced the RX520 dual frequency GNSS receiver for precision farming operations.

Latest News
News

FMC Completes Acquisition of Cheminova

April 21, 2015

FMC Corporation has completed its $1.8 billion acquisition of Cheminova.

International

High Quality Draft Sequence of Upland Cotton Genome Released for Research

April 21, 2015

An international consortium has made a high-quality draft genome sequence of Upland cotton publicly available for cotton research.

News

USDA Announces 2015 Cotton Loan Rate Differentials

April 17, 2015

USDA’s Farm Service Agency has announced the 2015-crop loan rate differentials for Upland and extra-long staple cotton.

News

FiberMax One Ton Club Celebrates 10 Years, Honors 183 Growers

April 17, 2015

Bayer CropScience celebrated ten years of the FiberMax One Ton Club and honored 183 growers for producing one ton yields in 2014.

Insect Control

Mississippi Scout School Schedule Set

April 16, 2015

Mississippi State University has scheduled five scout schools in late May and early June.

Insect Control

Georgia Scientists Seek Public’s Help in Tracking New Stink Bug

April 14, 2015

University of Georgia entomologists are asking Georgians to help track an insect that loves to stow away in homes and could potentially hurt the state’s crops, including cotton.

News

NCC Names New Economic Services Director

April 13, 2015

Dr. Jody Campiche has been named director of the National Cotton Council’s Economic Services Department.

News

NCC Sets P.I.E. Program Tour Dates for 2015

April 10, 2015

The National Cotton Council has scheduled tour dates and locations for the 2015 Producer Information Exchange (P.I.E.) Program.

News

Bayer CropScience Opens New North Carolina Research Station

April 6, 2015

Bayer CropScience has opened a new $6.3 million state-of-the-art Breeding and Trait Development Station in Pikeville, NC for cotton and soybean research.

News

NC Cotton Industry Leader Leaves Legacy of Leadership and Learning

April 2, 2015

North Carolina cotton producer and industry leader Billy Carter left behind a legacy that continues to improve tomorrow’s agricultural leaders.

News

Cotton Inc. Urges Grower Input for Natural Resource Survey

March 27, 2015

Cotton Incorporated is urging cotton growers to participate in an online Natural Resource Survey to help direct industry efforts to improve and promote U.S. cotton’s sustainability.

International

China National Cotton Exchange to Buy U.S. Cotton through The Seam

March 25, 2015

The Seam and the China National Cotton Exchange are working together to expand opportunities for U.S. cotton sales to buyers in China.

News

Proposed “Waters of the U.S.” Rule Overly Burdensome, Says NCC

March 17, 2015

A proposed rule to define “waters of the United States” under the Clean Water Act would require costly federal permits for many common and essential farming practices, says the National Cotton Council.

Marketing

Cotton Inc. Risk Management Seminar Coming to Lubbock

March 16, 2015

Cotton Incorporated is bringing its popular Cotton Price Risk Management Seminar to Lubbock, TX on April 8.

News

Developing “Greener” Blue Jeans

March 4, 2015

A bioengineering professor at the University of California, Berkeley is using molecular biology to synthesize an important dye used to color denim.