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>>

  • Oregon beats Kansas 74-60 to punch Final Four ticket

    Oregon beats Kansas 74-60 to punch Final Four ticket

    Sunday, March 26 2017 12:18 AM EDT2017-03-26 04:18:42 GMT
    Sunday, March 26 2017 12:18 AM EDT2017-03-26 04:18:42 GMT

    Tyler Dorsey poured in 27 points, Dillon Brooks added 17 and plucky Oregon ended Kansas' romp through the NCAA Tournament with a 74-60 victory Saturday night that gave the Ducks their first Final Four trip in...

    Tyler Dorsey poured in 27 points, Dillon Brooks added 17 and plucky Oregon ended Kansas' romp through the NCAA Tournament with a 74-60 victory Saturday night that gave the Ducks their first Final Four trip in nearly 80 years.

  • Gonzaga beats Xavier 83-59 to reach first Final Four

    Gonzaga beats Xavier 83-59 to reach first Final Four

    Saturday, March 25 2017 9:50 PM EDT2017-03-26 01:50:33 GMT
    Saturday, March 25 2017 9:50 PM EDT2017-03-26 01:50:33 GMT

    Nigel Williams-Goss scored 23 points while orchestrating Gonzaga's efficient offense, and the Zags finally shook their overrated tag by routing Xavier 83-59 to reach the Final Four for the first time.

    Nigel Williams-Goss scored 23 points while orchestrating Gonzaga's efficient offense, and the Zags finally shook their overrated tag by routing Xavier 83-59 to reach the Final Four for the first time.

  • Self-inflicted collapse chokes GOP effort to undo Obamacare

    Self-inflicted collapse chokes GOP effort to undo Obamacare

    Saturday, March 25 2017 8:08 PM EDT2017-03-26 00:08:54 GMT
    Saturday, March 25 2017 8:08 PM EDT2017-03-26 00:08:54 GMT

    The failure of House Republicans to repeal and replace Barack Obama's health care law was nothing short of an epic, self-inflicted collapse.

    The failure of House Republicans to repeal and replace Barack Obama's health care law was nothing short of an epic, self-inflicted collapse.

Powered by Frankly