USDA approves 2009 budgets for cotton organizations
Oct 17, 2008 9:56 AM
USDA has approved 2009 operation budgets for the Cotton Board and Cotton Incorporated. The Cotton Board submitted a letter requesting approval of the budgets on Sept. 15, 2008 following its annual meeting.
Darryl W. Earnest, USDA deputy administrator, Cotton and Tobacco Programs, approved an operation budget of $4,680,355 for the Cotton Board and $81.1 million for Cotton Incorporated, which consists of $78 million in program funding and $3.1 million in supplemental funding. The breakdown of Cotton Incorporated’s budget is as follows: fiber research committee $17,208,000; product research and development, $10,285,000; global strategy and implementation, $14,164,000; consumer marketing committee, $31,890,000; administration, $4,453,000; supplemental funding, $3,100,000.
The Cotton Research & Promotion Act established the Cotton Board as a quasi-governmental, non-profit entity to serve as the administrator of the Cotton Research & Promotion Program. Funded by America’s cotton producers and importers through the cotton check-off, the program’s research and promotion activities are conducted worldwide by Cotton Incorporated, the Cotton Board’s sole-source contracting organization, to increase the demand for and improve the market position of cotton.
For more information about the Cotton Board and the innovative activities stemming from the Program, visit www.cottonboard.org.
