RANKING MEMBER BISHOP CALLS FOR PRESIDENT TO TAKE ACTION TO STABILIZE COTTON INDUSTRY
Jul 18, 2017
WASHINGTON, DC – Today, Congressman Sanford D. Bishop, Jr. (GA-02), Ranking Member of the U.S. House Appropriations Subcommittee on Agriculture, Rural Development, Food and Drug Administration, and Related Agencies, and 108 of his colleagues sent a letter to the President urging him to take action to stabilize the cotton industry by expanding the Cotton Ginning Cost Share Program to operate on an ongoing basis.
“The Cotton Ginning Cost Share Program has proven itself to be an effective tool to protect our cotton farms from economic devastation,” said Congressman Bishop. “I urge the President to continue this program to ensure the availability of U.S. cotton for those manufacturers and consumers that rely on this vital agricultural product.”
The federal Cotton Ginning Cost Share Program operated under the previous administration for the 2015 crop year. Through the Cotton Ginning Cost Share program, eligible producers received a cost share payment for their gin costs, based on acreage, multiplied by 40 percent of the average ginning cost for each production region. Administered by the U.S. Department of Agriculture, the program has demonstrated itself to be an effective tool in stabilizing cotton prices and providing relief to farmers and the assorted manufacturers and consumers that rely on cotton.
Full text of the letter can be found here: