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Cotton: Background for 1990 Farm Legislation

Author

Listed:
  • Stults, Harold
  • Glade, Edward H., Jr.
  • Sanford, Scott
  • Meyer, Leslie A.

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.

Suggested Citation

  • Stults, Harold & Glade, Edward H., Jr. & Sanford, Scott & Meyer, Leslie A., 1989. "Cotton: Background for 1990 Farm Legislation," Staff Reports 278844, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278844
    DOI: 10.22004/ag.econ.278844
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    File URL: https://ageconsearch.umn.edu/record/278844/files/ages8942.pdf
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    Cited by:

    1. Pollack, Susan L. & Lynch, Lori & [editors], 1991. "Provisions of the Food, Agriculture, Conservation, and Trade Act of 1990," Agricultural Information Bulletins 309577, United States Department of Agriculture, Economic Research Service.
    2. Chen, Dean T. & Anderson, Carl G., 1990. "Cotton Market Responses to 1985 Food Security Act, Dollar Devaluation and U.S. Weather Disturbances," Research Reports 257904, Texas A&M University, Agricultural and Food Policy Center.

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