Washington ReportWashington Report

presented to

National Cotton CouncilBoard of DirectorsNew Orleans, LA

June 6, 2002

presented to

National Cotton CouncilBoard of DirectorsNew Orleans, LA

June 6, 2002

Farm Security and Rural Investment Act of 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• certificates• adequate payment limits and eligibility• option to update bases and yields• ELS loan and competitiveness• enhanced conservation programs• WTO compliant

• 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

ImplementationImplementation• 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

• 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

ChallengesChallenges• 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

• 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

Key Issues/Legislative AgendaKey Issues/Legislative Agenda

• Appropriations• Trade• Tax• Energy• Environment

• Appropriations• Trade• Tax• Energy• Environment

AppropriationsAppropriations

• 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

• 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

Trade 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

• 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

Tax, Energy and EnvironmentTax, Energy and Environment

• Tax permanent repeal of estate tax

• Energy renewable fuels

• Environment cumulative risk assessments drift biotech product registrations

• Tax permanent repeal of estate tax

• Energy renewable fuels

• Environment cumulative risk assessments drift biotech product registrations

ConclusionConclusion

• implementation of new farm law

• defense of new farm law

• appropriations

• trade

• implementation of new farm law

• defense of new farm law

• appropriations

• trade