MEMPHIS (Special) – "Members of the National Cotton Council appreciate the efforts of members and leaders of the Senate to fashion new farm legislation that holds promise for restoring economic viability to American agriculture," NCC Chairman James E. Echols of Memphis said in a letter to Senate leaders Thomas A. Daschle (D-SD) and Trent Lott (R-MS). "However, we are now extremely discouraged that deliberations have stalled. Unless new farm law is enacted promptly, many farmers simply will not be able to secure production financing for the new season."
Echols’ comments came shortly after the Senate failed for a third time to reach an agreement on a time limit for debate and final passage of new farm legislation that could be sent to conference with the House.
The Council’ members had urged the Senate to complete its work on a farm bill before recessing for the holidays. Following adjournment, the Senate will not return to session until Jan. 23.
"There has not been a time since the Great Depression when American agriculture was under greater economic stress and in greater need for new farm policy that provides a better income safety net while facilitating international competitiveness," Echols’ letter stated.
"Our membership, from producer to textile manufacturer, joins unanimously in urging the Senate to resume deliberations as quickly as possible to finalize legislation that is absolutely essential to the restoration of economic viability for American agriculture."