Business · 09/03/2015

U.S. Department of Agriculture to Take Over Administration of Two Trust Funds Established by 2014 Farm Bill

The U.S. Department of Agriculture will take over administration of two trust funds established by the 2014 Farm Bill, the Pima Agriculture Cotton Trust Fund and the Agriculture Wool Apparel Manufacturers Trust Fund. The funds provide annual payments to cotton and wool manufacturers, with the wool payments being transferred from the Commerce Department's Office of Textiles and Apparel to the Secretary of Agriculture, effective for the 2015-2019 calendar years.