Definition of Extra-Long Staple Cotton Act of 1983

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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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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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