How Generic Base Could Be Treated in the Cottonseed Proposal
Cotton Economist/Professor Emeritus of Cotton Economics
One proposal sought by cotton industry leadership to improve cotton’s “safety net” has been to make cottonseed a covered commodity and eligible for PLC as an “Other Oilseed” under the current 2014 farm bill. The cottonseed proposal and an extension of the Cotton Ginning Cost Share Program (CGCS), if adopted, are seen as a “bridge” to assist cotton producers in the interim until the longer-term can be addressed in the next farm bill beginning with the 2019 crop year. For farms with Generic Base that have planted covered commodities or cotton during 2009-2016, the landowner will have two choices of what to do with the Generic Base on the farm.
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