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Details of Cotton Program Announced
The Agricultural Adjustment Administration outlines the 1935 voluntary cotton contract program. All 1934 contracts remain in effect, with a 25 percent base acreage reduction and an option to rent 30 percent to the government. Rentals are 3.5 cents and parity payments at least 1.25 cents. Production estimates show 12 to 13 million bales in 1935 depending on Bankhead Act applicability, with no immediate threat to foreign markets despite concerns.
MENTIONED IN THIS ARTICLE
Agricultural Adjustment Administration
Department of Agriculture Statisticians
America
United States