Many cotton farmers in Texas feel that they got off pretty light as Hurricane Emily managed to not damage their crops too much. They didn’t have much damage from winds, but heavy rains hurt crops some.
Cotton Subsidies And The Bigger Battle Beyond
Much of the western world advocates free trade but they rarely seem to practice it. The WTO ruled against the United States providing subsidies for cotton farmers, saying the system violated international trade rules by giving massive financial backing that supports the higher prices of the U.S. cotton industry.
U.S. Defeated in Cotton Subsidies Dispute
Brazil defeated the U.S. in its dispute over cotton subsidies at the World Trade Organization.
WTO Declares US Cotton Subsidies Illegal
Oxfam called on the US to implement the final WTO ruling against its illegal cotton payment programs and agree to new global trade rules that would stop the dumping of cheap commodities.