TITLE

Budget woes

PUB. DATE
March 2005
SOURCE
Southeast Farm Press;3/23/2005, Vol. 32 Issue 9, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article focuses on the proposed changes in the farm bill, which might be designed to create more small farmers, but for Dyersburg, cotton producers Jimmy Moody and Charles Parker, "broke farmers" is the more apt description. They have been farming as a corporation for almost 40 years. There are a lot of relatives in the corporation who rely on the income to live. Current U.S. Department of Agriculture regulations make Moody Properties a single entity for payment purposes. The marketing loan today is 13.43 cents. The only debatable issue out West from U.S. President George Bush's midstream cuts in the federal farm program is which state will it hurt the most: California or Arizona. Rick Lavis, executive secretary of the Arizona Cotton Growers Association, says that Bush's proposed reduction in payment limits to farms will impact almost three-fourths of Arizona producers and would cut income 20 to 40 percent. Bush's proposed cuts would be devastating to the Arizona cotton industry already struggling to remain viable with less than 250,000 acres in cotton annually.
ACCESSION #
16635878

 

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