In a statement today, the National Cotton Council (NCC) said that the Trump Administration’s proposed fiscal year 2018 budget includes a number of “extremely concerning program reductions and eliminations that… would severely compromise policies that are critical to America’s cotton farming families.”
The NCC emphasized that U.S. cotton producers already are struggling with difficult economic conditions, plus cotton farmers lack access to certain farm bill risk management tools available to other crop producers.
U.S. cotton farmers already are forced to compete foreign cotton producers who benefit from extensive and complex subsidies. In addition, U.S.-grown cotton has to compete with synthetic fibers, an industry “with tremendous overcapacity.”
NCC said that “now is not the time to weaken U.S. farm policy.”
The statement said NCC “is prepared to work closely with Congress to ensure that any budget and funding bills approved by Congress continue to provide the resources necessary for policies that promote a viable cotton industry, including an effective safety net in the 2018 farm bill.”