Cotton
The request allocates $10 billion to row and specialty crop producers for crops planted in 2026, with the remaining $1.1 billion designated for Florida farmers hit by winter storms in late 2025 and early 2026.
The joint letter highlights a 150% spike in fertilizer prices and calls for immediate relief for the struggling U.S. farm economy.
USDA’s Great American Cotton Plan aims to boost demand for U.S. cotton through domestic manufacturing incentives, traceable supply chains and the Buying American Cotton Act.
The row crop and cotton markets saw some early support Thursday from a rally in crude oil as doubts about the peace deal with Iran came into question.
Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
The company had been using what it described as a placeholder name, SpinCo, since announcing it would split into two independent, publicly traded entities last October.
The proposed framework introduces a targeted approach to safeguard endangered species while maintaining essential crop protection tools for U.S. farmers, the agency reports.
The leadership for New Corteva and SpinCo aims to drive growth through a specialized focus on crop protection and advanced seed genetics.