The USA has a program where farmers get paid to create a glut.
2. How come cotton growers are guaranteed a price, and not coffee shops, or copy shops, or shoe shine parlors, or appliance repair shops? Or your business?
3. The average $300 million is money taken from USA taxpayers, and leads to the ruin of overseas producer who cannot compete with USA dumping of cotton. This is another reason why so many people around the world want to kill USA citizens.
We really ought to "have a conversation" about why people want to kill us. I know it is easier to say "because they are Muslims" but it just might be another reason.
Feel free to forward this by email to three of your friends.
Lower demand from top-importer China and bigger production in the U.S., the No. 1 exporter, are expected to lead to the largest global glut of the fiber in history...
To help farmers with operating expenses, the federal government offers cotton growers nine-month loans at a rate of 52 cents a pound, which are secured with the fiber. Late Thursday, the U.S. Department of Agriculture calculated its adjusted world-price-a proxy for the physical price of the fiber-for the week beginning Friday at 52.61 cents a pound.1. Every dealer on planet earth saw the lower demand from China coming, how come we did not plant less. Because you make money either way.
When the USDA's world price falls below the loan rate, the government allows cotton farmers to pay back their loans at the world price rather than the higher price at which they took the loans. Farmers also have the option to forgo a loan and simply receive a payment that equals the amount by which the loan rate exceeds the USDA's world price when they sell their cotton.
The last time the government made a payment under its cotton loan program was in 2009, according to the USDA. That year's total was $5.5 million. Between 1999 and 2009, the average annual cost of the loan program was $332 million.
2. How come cotton growers are guaranteed a price, and not coffee shops, or copy shops, or shoe shine parlors, or appliance repair shops? Or your business?
3. The average $300 million is money taken from USA taxpayers, and leads to the ruin of overseas producer who cannot compete with USA dumping of cotton. This is another reason why so many people around the world want to kill USA citizens.
We really ought to "have a conversation" about why people want to kill us. I know it is easier to say "because they are Muslims" but it just might be another reason.
Feel free to forward this by email to three of your friends.
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