Washington Report

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