WTO Ruling Could Put West Texas Farmers Out of Business - KCBD NewsChannel 11 Lubbock

4/28/04

WTO Ruling Could Put West Texas Farmers Out of Business

On Monday the World Trade Organization ruled in favor of challenges by Brazil against the U.S. farm program. Brazil claims the current U.S. farm program hindrers their market for cotton. Brazil says the U.S. produces a surplus of cotton in the world market causing their prices to decrease. The full report by the WTO has not been released yet so it's too soon to tell what the effects will be on local farmers.

"This is not gonna be a short term process this is gonna take several years and it may even drag out so far as to be time developing the next farm program and the next deal, so to speculate on what impact it may have on our growers at this point is premature and something no one can do," says Shawn Wade, with Plains Cotton Growers, Inc.

If the ruling stands, the U.S. could drop the farm program which pays farmers for their crops. A final ruling by WTO could come as soon as this June, but the U.S. plans to appeal.

  • Local News on KCBD.comNewsMore>>

  • NRA, Florida faces backlash after latest school shooting

    NRA, Florida faces backlash after latest school shooting

    Saturday, February 24 2018 4:36 AM EST2018-02-24 09:36:41 GMT
    Saturday, February 24 2018 5:19 PM EST2018-02-24 22:19:30 GMT
    (AP Photo/Mark Lennihan, File). FILE- In this Feb. 15, 2006, file photo, BlackRock headquarters is shown in New York. U.S. companies are taking a closer look at investments, co-branding deals and other ties to the gun industry and its public face, the ...(AP Photo/Mark Lennihan, File). FILE- In this Feb. 15, 2006, file photo, BlackRock headquarters is shown in New York. U.S. companies are taking a closer look at investments, co-branding deals and other ties to the gun industry and its public face, the ...

    NRA faces corporate backlash after latest school shooting.

    NRA faces corporate backlash after latest school shooting.

  • Trump floats new gun measures as gun owners talk 'betrayal'

    Trump floats new gun measures as gun owners talk 'betrayal'

    Saturday, February 24 2018 1:15 AM EST2018-02-24 06:15:31 GMT
    Saturday, February 24 2018 5:18 PM EST2018-02-24 22:18:42 GMT
    (AP Photo/Evan Vucci). In this Feb. 22, 2018, photo, President Donald Trump speaks during a meeting with state and local officials to discuss school safety in the Roosevelt Room of the White House in Washington. Trump could face a backlash from gun rig...(AP Photo/Evan Vucci). In this Feb. 22, 2018, photo, President Donald Trump speaks during a meeting with state and local officials to discuss school safety in the Roosevelt Room of the White House in Washington. Trump could face a backlash from gun rig...
    President Donald Trump could face a backlash from gun rights advocates by voicing support for gun control measures.
    President Donald Trump could face a backlash from gun rights advocates by voicing support for gun control measures.
  • Latest Mueller indictment spells trouble for bankers, too

    Latest Mueller indictment spells trouble for bankers, too

    Saturday, February 24 2018 1:05 AM EST2018-02-24 06:05:06 GMT
    Saturday, February 24 2018 5:18 PM EST2018-02-24 22:18:36 GMT
    (AP Photo/Susan Walsh, File). FILE - In this Dec. 11, 2017, file photo, former Trump campaign chairman Paul Manafort arrives at federal court in Washington. Recently unsealed criminal charges against President Donald Trump’s ex-campaign chairman could ...(AP Photo/Susan Walsh, File). FILE - In this Dec. 11, 2017, file photo, former Trump campaign chairman Paul Manafort arrives at federal court in Washington. Recently unsealed criminal charges against President Donald Trump’s ex-campaign chairman could ...
    Recently filed federal charges against President Donald Trump's former campaign chairman could also pose legal and regulatory risks for the banks that loaned him millions.
    Recently filed federal charges against President Donald Trump's former campaign chairman could also pose legal and regulatory risks for the banks that loaned him millions.
Powered by Frankly