Cotton: Background for 1990 Farm Legislation

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英文名称：

Cotton: Background for 1990 Farm Legislation

作者：

Harold Stults; Edward H. Glade Jr.; Scott Sanford; Leslie Meyer

工作单位：

USDA's Economic Research Service

来源地址：

https://www.ers.usda.gov/publications/pub-details/?pubid=41777

关键词：

costs and returns;  exports;  cotton;  cotton production;  farm programs;  policies;  program benefits; 

年份：

1989

出版地：

Washington, DC, USA

总页数：

88 pp

语种：

English

摘要：

This report address considerations in the 1990 farm bill debate for cotton, including market conditions, policy proposals, trade agreements, and the interactions between policy and markets for selected commodities. Government programs since the 1930s have supported prices and attempted to adjust cotton acreage and production to meet market needs, with varying degrees of success. The Food Security Act of 1985 is generally considered successful in dealing with the cotton sector despite several problems. The marketing loan provisions of the act helped make cotton competitive in 1987 and some world market share was won back by U.S. cotton. However, in 1988-89, problems with the adjusted world price formula and with the storage terms resulted in owners of cotton holding stocks rather than releasing them to the market even though U.S. stocks were high.