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PNS Daily Newscast - June 14, 2019 


Hundreds of companies urge Trump to resolve tariff dispute with China. Also on our Friday rundown: California moves closer to universal health coverage. Plus, new Gulf restoration projects – a decade after the Deepwater Horizon spill.

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WTO: TN Cotton Brings Too Much Fluff to the Marketplace

October 18, 2007

Nashville, TN –Tennessee cotton is bringing too much "fluff" to the marketplace, according to the World Trade Organization. This week, the W.T.O. determined that the U.S. is subsidizing cotton in Tennessee, and other states, to the point that prices are depressed all over the world.

Laura Rusu with Oxfam America explains cotton is just one of a handful of crops heavily subsidized through the U.S. Farm Bill.

"We're hoping that this renewed attention will encourage our senators to do the right thing and reform our broken agriculture structure. The current system creates an oversupply of cotton which lowers prices for everyone, including American farmers."

The Senate is expected to take up the new Farm Bill within the next week. Rusu explains several recent studies have documented how the subsidy system rewards only a few, large farm corporations and encourages overproduction. Supporters of the subsidies say they help keep prices low for U.S. consumers, but even President Bush is calling for reform.

Deborah Smith/John Robinson, Public News Service - TN