Cotton Management Economic Notes, Volume 7, No. 1
Citation
Tronstad, Russell. (1999). Cotton Management Economic Notes, Vol. 7, No. 1. The Department of Agricultural and Resource Economics, The University of Arizona.Abstract
On January 8, 1999 Agriculture Secretary Dan Glickman announced an estimated 30% premium reduction for producers from previous premium rates that were also subsidized. This reduction plus the newly available Crop Revenue Coverage (CRC), which has benefits if prices increase at harvest, means that everyone should probably change their current policy before the sales closing date of February 28, 1999. Contact your local Farm Service Agency for their most current list of sales agents available for your area. In short, some have described the situation as “freedom to farm has become freedom to insure.”Type
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