Lanterna Rally

Author: United States Committee On Agriculture

Publisher: Forgotten Books

Published: 2017-10-13

Total Pages: 46

ISBN-13: 9780265266397

Excerpt from Uniform Cotton Classing Fees Act of 1987: Hearing Before the Subcommittee on Cotton, Rice, and Sugar of the Committee on Agriculture, House of Representatives, One Hundredth Congress, First Session Even with this 3 cent fee increase, resulting revenues will be in adequate to class the 1987 crop at normal levels of service. Indeed, if a significant portion of this year's potential crop production is lost to any natural disasters, there would not be sufficient funds to class the entire cotton crop at any level of service. This financial problem is exacerbated because classing fees are not collected from producers until the end of each ginning season. Therefore, within our cotton classing program, we have an annual negative cash flow during the period between the rendering of our classing services and the actual collection of the fee. An annual carryover, or operating reserve, of approximately $6 million is needed to cover that negative cash-flow period which reaches that $6-million level during the months of November and December. In effect, the Department's cotton classing program presently confronts the same financial predicament this season as it did at the start of the 1986 cotton classing year - that is, a user fee that is inadequate to cover the cost of our program. There is, however, one critical difference this year. We do not have an operating reserve to get through the upcoming crop year. Accordingly, this month, cotton growers and ginners were notified of an upcoming reduction of classing services for the 1987 crop so that we may deal with the current Situation in a financially re sponsible manner. This reduction will entail, at the minimum, the avoidance of overtime pay through the elimination of all Saturday and Sunday classing work, and the reduction of travel and per diem expenses by eliminating the movement of seasonal classers between offices. Fortunately, there is an alternative to reducing classing services to our Nation's cotton producers. However, it will require an act of Congress before the August recess to amend the Secretary's fee-set ting authority. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.