Vilsack Says U.S. Proposals May End Brazil Cotton Impasse

U.S. House and Senate agriculture committee proposals for a new farm law represent a “good faith” effort by lawmakers to resolve a trade dispute over cotton with Brazil, U.S. Agriculture Secretary Tom Vilsack said.

The proposals passed this week may modify farm subsidies enough to satisfy the South American nation, Vilsack said today in an interview in Mexico City. The U.S. competes with Brazil in exporting grain, soybeans, beef and cotton.