Congress will return to Washington on Tuesday, where they will consider the Farm Act. With no Farm Bill on the books, it was introduced to give farmers financial help.
Cotton growers say farmers need the support.
“And so we want to provide kind of a three-legged stool to bridge some of this gap moving forward from financial assistance to help mend the ag community, so we can continue to be helpful in developing food and fiber in the near term to come, and not have attrition if we do not see any of these avenues move forward. We see one stool that is lagging, and we will see attrition in the industry, be it producers or infrastructure at that most and that’s that’s unacceptable at this point,” said Kody Bessent.
The Farm Act could cost as much as $21 billion, which some analysts say will be a tough sell. Some lawmakers say the hefty price tag could complicate Farm Bill talks, which are still in progress.
March 15 of each year is the application deadline for the Pima Cotton Trust, and March 1 of each year is the application deadline for the Wool Trust. The law mandates trust payments by April 15. More information about these programs is available at www.fas.usda.gov/programs.
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