Cotton Challenge from Brazil: The Senate Agriculture Committee's version of a new cotton program in the 2012 Farm Bill is unlikely to placate Brazil in its successful WTO challenge. The draft bill is still fat with market distorting subsidies. In part this is a negotiating position. Brazil is unlikely to acquiesce to any initial offer by Congress and the U.S. cotton industry. Instead, the negotiations are likely to carry out over several iterations with each side insisting it will take its position back to a dispute settlement panel.U.S. versus EU Policymaking: U.S. farm bills used to involve elongated public drama as politicians haggled over details. The Senate this week revealed how much of that haggling now gets done behind closed door...