@article{Stults:262079,
      recid = {262079},
      author = {Stults, Harold  and Glade Jr., Edward H.  and Sanford,  Scott  and Lawler, John V.  and Skinner, Robert },
      title = {Fibers: Background for 1990 Farm Legislation},
      address = {1990-03-01},
      number = {1474-2017-3865},
      series = {Agricultural Information Bulletin No. 591},
      pages = {99},
      year = {1990},
      abstract = {This report provides an overview of the cotton, wool, and  mohair sectors and addresses considerations in the 1990  farm bill debate, including market conditions, policy  proposals, trade agreements, and the interactions between  policy and markets for selected commodities. Cotton  acreage, production, and prices have been influenced by  Government programs since the 1930s in an attempt to meet  market needs, with varying degrees of success. The Food  Security Act of 1985 is generally considered successful in  dealing with the cotton sector despite several problems.  While the general preference for 1990 legislation for  cotton will likely be for stability, the combination of  budget, trade, environment, and flexibility issues may  result in more than fine tuning of the current act. Wool  and mohair have been declining industries. Sheep  inventories are a fifth of their World War II level; goat  numbers are a third of their mid-1960s level. Policymakers  have had limited control over wool program costs given the  formula-based Government support price, the trend of  declining textile market share, rising raw wool textile  imports, stagnant lamb and mutton consumption, and the  dominance of Australia and New Zealand in the world wool  market. Issues for 1990 include whether to continue the  program and, if so, the level and method of determining  support prices.},
      url = {http://ageconsearch.umn.edu/record/262079},
      doi = {https://doi.org/10.22004/ag.econ.262079},
}