Cotton Quality to Improve, Public Pays, Corps Profit
For over a decade U.S. farmers have been looking for ways to level the field when it comes to cotton exporting and importing. From 2006 thru 2015 U.S. cotton exports decreased while imports increased coming from nations such as China, Vietnam and Bangladesh. U.S. farmers and the farming industry place the blame for this change on employees. They claim wages are too high to be competitive against foreign cotton imports.
Because of this perceived constraint, the farming industry has spent this past decade working on improving cottons environmental potency, by testing ways to improve its yield and to make it more resistant to environmental changes, easier to grow and easier to cultivate without human intervention by modifying its DNA. In a U.S. Department of Agriculture (USDA), Research, Education & Economics Information System (REEIS) document summary the responsibility of creating improved cotton should rest with public institutions.
Many politicians agree with this sentiment, publicize losses and privatize profits. This phenomenon was made clear during the great recession of 2008, when businesses were dubbed too big to fail requiring taxpayer bailouts to survive. Many politicians suggest this is how many industries have survived & grown thru pubic intervention, making America great. In a press conference USDA Secretary Sonny Perdue said we sent the immigrants home, now we need cotton that’ll pick itself. Taxpayers should pay for this, because with further development the new cotton may wash itself saving them money.
More can be found at https://www.ers.usda.gov/amber-waves/2017/august/us-upland-cotton-exports-and-mill-use-projected-to-improve/ and at https://portal.nifa.usda.gov/web/crisprojectpages/1012279-development-of-genetically-improved-cotton-germplasmcultivars.html and at https://www.ers.usda.gov/topics/crops/cotton-wool/ and at https://www.ers.usda.gov/data-products/adoption-of-genetically-engineered-crops-in-the-us/