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Washington Report

Washington Report. presented to National Cotton Council Board of Directors New Orleans, LA June 6, 2002. Farm Security and Rural Investment Act of 2002. enhanced safety net---fixed and counter-cyclical marketing loan with AWP and 3-step competitiveness 1.25 cents threshold eliminated

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Washington Report

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  1. Washington Report presented toNational Cotton CouncilBoard of DirectorsNew Orleans, LAJune 6, 2002

  2. Farm Security and Rural Investment Act of 2002 • enhanced safety net---fixed and counter-cyclical • marketing loan with AWP and 3-step competitiveness • 1.25 cents threshold eliminated • certificates • adequate payment limits and eligibility • option to update bases and yields • ELS loan and competitiveness • enhanced conservation programs • WTO compliant

  3. Implementation • NCC beltwide meetings • FSA • working groups • communication with producers • funding • base and yield updates • peanut and oilseed programs • fall payments • means test ‘03 and commission • NRCS • Conservation Security Program ‘03

  4. Challenges • negative press shaping opinion • 60% benefits to 10% farms • diverts funds from other priorities • unnecessary support to selected sector • international trade implications • amendments • payment limitations • packer ownership • check-off programs • move funds to other priorities

  5. Key Issues/Legislative Agenda • Appropriations • Trade • Tax • Energy • Environment

  6. Appropriations • FY02 Supplemental Appropriations • CBI dyeing and finishing amendment • ‘01 crop disaster assistance • farm bill amendments • FY03 Agriculture Appropriations • BWEP, PBW, aflatoxin, FSA delivery • ‘01 crop disaster assistance • farm bill amendments (Grassley/Dorgan) • Sleepwear Flammability

  7. Trade • Trade Promotion Authority • Conference committee • ATPA, AGOA, CBI, GSP • Edwards textile negotiating objectives • Dayton-Craig Amendment • TAA • Dyeing and Finishing amendment-appropriations • Free Trade Agreements • Brazil challenge to cotton and soybean programs • China WTO implemetation • WTO negotiations • Foreign Sales Corporations

  8. Tax, Energy and Environment • Tax • permanent repeal of estate tax • Energy • renewable fuels • Environment • cumulative risk assessments • drift • biotech product registrations

  9. Conclusion • implementation of new farm law • defense of new farm law • appropriations • trade

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