Cotton: Background for 1990 Farm Legislation

Harold Stults, Glade, Edward H.,, Scott Sanford and Leslie A. Meyer

No 278844, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: Government programs since the 1930's 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.

Keywords: Agricultural and Food Policy; Crop Production/Industries (search for similar items in EconPapers)
Pages: 88
Date: 1989-09
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:278844

DOI: 10.22004/ag.econ.278844

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