Cotton, “the fabric of our lives,” seeks oilseed subsidy
Congress rewrote the cotton program in the 2014 farm law to resolve a WTO ruling that U.S. subsidies distorted world trade. In doing so, it replaced the longtime cotton subsidy program with revenue insurance and loans, reflecting the industry’s wishes. Now, with cotton prices under pressure worldwide, the industry wants to a return to subsidies. To… » Read More
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