TeachMeFinance.com - explain Extra-Long Staple Cotton Act of 1983
Extra-Long Staple Cotton Act of 1983 The term 'Extra-Long Staple Cotton Act of 1983 ' as it applies to the area of agriculture can be defined as ' P.L. 98-88 (August 26, 1983) eliminated marketing quotas and allotments for extra-long staple cotton and tied its support to upland cotton through a formula that set the nonrecourse loan rate at not less than 150% of the upland cotton loan level. '.
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