The 1995 Agreement on Textiles and Clothing (ATC) provided for the calculated liberalization of the textiles and apparel sectors over a 10-year period except for some safeguard measures ending on December 31, 2008. These safeguard measures allowed for import restrictions by the U.S. on certain...

Domestic subsidies for cotton and other commodities have been a major topic of interest, especially during the Doha Round of the World Trade Organization trade negotiations. Many developing countries have insisted that domestic subsidies in countries like the United States represent significant...

The Food, Conservation, and Energy Act of 2008 was passed into law on May 22, 2008 with veto override votes in the House of Representatives and the Senate (House 2008). A difference between the 2002 and the 2008 bills is the newly instituted revenue-based counter-cyclical program called the...

Early season high winds and late season cool temperatures have worked together to limit the size of the High Plains cotton crop. Over the past 5 years, the High Plains2 has averaged 4.44 million bales produced each year. However, Plains Cotton Growers recently estimated the 2008 crop to be...

Theory and analysis of price information and its importance have typically assumed that the information is correct. Additionally, most analyses have centered on general price information assuming homogeneous products. This paper examines the implications of incorrect price information on the...

The impacts of the removal of the cotton storage credit were modeled using the Global Fibers Model at the Cotton Economics Research Institute at Texas Tech University. A 5-year baseline was estimated under existing policy. The impacts of removing the storage credit was simulated and compared...

ECONOMIC FUNDAMENTALS – Real GDP growth is projected at -2.16% in 2009 for developed countries before it slowly recovers to about 2.3% per year. Developing economies, on the other hand, are projected to grow by 2.6% in 2009 before they recuperate to an average of 5.3% thereafter. – A more...