Provide Equity to Cotton Producers Under the Payment-in-kind Program: Hearing Before the Subcommittee on Cotton, Rice, and Sugar of the Committee on Agriculture, House of Representatives, Ninety-eighth Congress, First Session, on H.R. 3385, June 28, 1983 |
Other editions - View all
Common terms and phrases
1983 production 20 percent 7-percent bid acquire acreage ARLAN STANGELAND ASCS office bales of cotton California cents per pound Chairman co-op COELHO Committee Commodity Credit Corporation Congressman cost cotton farmers cotton for PIK Cotton Growers Association cotton industry cotton producers cotton to meet cotton under loan Department of Agriculture ENGLISH equity feed grains forward contract FRANKLIN gentleman from Mississippi GILLEN going Government gram harvest for PIK HUCKABY JERRY HUCKABY JONES of Tennessee July 15 legislation loan cotton loan program loan rate meet PIK ment mill million bales number of bales option payment payment-in-kind program PIK contract PIK cotton PIK entitlement PIK needs PIK program PIK requirements plant for PIK problem question RANK receive Rio Grande Valley Secretary of Agriculture shortfall signed signup SMITH sold statement STENHOLM subcommittee sufficient cotton target prices testimony Texas Thank there's upland cotton USDA weather Western Cotton Growers WILLIS
Popular passages
Page 41 - SESSION Mr. BELL. The meeting will please come to order. Our first witness this afternoon is Mr. William Welch, regional chairman, Experience Unlimited ; Charles Weber, manager of counseling and applicant services, Experience Unlimited; and Ray Hajek, chairman, Santa Ana chapter, Experience Unlimited. (The prepared statement of Mr. Bud Welch and Mr. William Welch follows:) PREPARED STATEMENT OF...
Page 69 - I would like to welcome you to the subcommittee and look forward to hearing your testimony in support of your legislation.
Page 57 - STATEMENT OF JS FRANCIS, JR., CHAIRMAN, NATIONAL LEGISLATIVE COMMITTEE, ARIZONA COTTON GROWERS ASSOCIATION Mr.
Page 12 - Under the bid program, producers would submit a bid to CCC specifying the amount of upland cotton which they desired to receive from CCC as compensation for redeeming their loan collateral and selling it to CCC for PIK purposes.
Page 12 - No limit would be established on the amount of the bids, and no bids would be rejected unless they exceeded the bid amounts which were accepted by CCC in the acquisition of corn and sorghum for PIK purposes.
Page 5 - It became apparent to us, after the sign up for the payment-in-kind (PIK) program was completed, that designated upland cotton loan stocks owned by participating producers which were to be made available to the Commodity Credit Corporation (CCC), together with other CCC-owned stocks, would not be sufficient to satisfy the requirements of the PIK program.
Page 12 - HR 3385 would require the Secretary to reopen bids for upland cotton which is needed by CCC to carry out the 1983 PIK program. The bid period...
Page 12 - CCC-owned stocks, would not be sufficient to satisfy the requirements of the PIK program. On May 11, the Department gave producers the opportunity to sell...
Page 35 - Barr, who is chairman of the Producers Steering Committee of the National Cotton Council, and who is a constituent of mine in the fifth district of Louisiana.
Page 3 - HR 3385 To provide equity to cotton producers under the payment-in-kind program.