USDA announces $300 million in aid to cotton growers

With a worldwide glut pulling down cotton prices to their lowest level in eight years, Agriculture Secretary Tom Vilsack announced $300 million in one-time assistance to growers, based on ginning costs. The cost-share program is far smaller than the $1-billion-a-year cottonseed subsidy that the industry wanted and that Vilsack said was beyond his power to… » Read More

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