Thursday, August 19, 2010

Black, Black Clouds for Cotton

Via Chris Clayton, a link to a review of the prospects for cotton in the future farm bill.  Basically it's bad for cotton if the Republicans take Congress but also bad if the Democrats retain control, because Collin Peterson likes crop insurance and not marketing loans, while the cotton people like loans and not crop insurance.

As I'm in a sadistic mood today, I enjoyed a good laugh at their predicament.

A Dem like me finds a bit of solace in their support for the South Korean trade pact and support for regulation of derivatives in the financial regulation law just passed.

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