The Cotton Board Approves $80 Million Research & Promotion Budget The Cotton Board also elects new Chairman and officers during Annual Meeting
(MEMPHIS, Tenn.) – During its Annual Meeting in Louisville, Kentucky, The Cotton Board reviewed and voted to recommend Cotton Incorporated’s proposed 2014 budget of $80 million to the Secretary of Agriculture. The budget and plan, along with The Cotton Board’s recommendation, will be forwarded to the United States Department of Agriculture (USDA) for final approval.
The Cotton Board elected Gary Ross as its Chairman for 2013/2014. Ross, an importer from Yardley, Pennsylvania commented on his election, saying, “From the turn row to the turn style, from the heartland of America to the retail malls in our cities, cotton is the fiber that binds producers and importers together. We need strong, profitable producers who patronize our retail establishments and importing companies who deliver what consumers want – cotton. It is the circle of life for our industry." Ross is the Vice President of Global Fashion and Home Supply Chain for the New York-based company Avon Products, Inc.
The full slate of new Cotton Board officers is as follows: Gary Ross, Importer from Yardley, Pennsylvania, Chairman; David Grant, Producer from Garysburg, North Carolina, Vice-Chair; Aaron Barcellos, Producer from Los Banos, California, Secretary; Janet Ydavoy, Importer from Feasterville, Pennsylvania, Treasurer.
The Cotton Board voted to recommend to the Secretary of Agriculture approval of a proposed $80 million budget for the 2014 Cotton Research and Promotion Program, developed for and to be carried out by Cotton Incorporated. The proposed budget represents a 3.6% decrease from their 2013 funding level. The budget and plan for 2014 proactively positions Cotton Incorporated to (1) respond to cotton's recent loss of market share both in the U.S. and globally; (2) continue research and education programs related to sustainability; (3) continue to advance new and existing technologies; and (4) examine opportunities for cost reduction both on the farm and in terms of mill processing.
Cotton Incorporated’s proposed budget reflects many of the recommendations developed in March by The Cotton Board. "Our thoughtful planning, our stewardship and a unified front are qualities we must maintain to help insure a thriving U.S. cotton industry for our future," said Chairman Ross.
Contact: Brad Robb, VP of Communications or Stacey Gorman, Communications Manager (901) 683-2500
About The Cotton Board: 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. The Cotton Research & Promotion Program continues to work in all areas of cotton’s pipeline – from the field to the consumer – to keep cotton the number one fiber choice in the U.S. For more information about the Cotton Board and the innovative activities stemming from the Program, visit www.cottonboard.org