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USDA Extends ARC, PLC Deadlines
Agriculture Secretary Vilsack announced on March 27 that he extended from March 31 to April 7, '15 the deadline for farm owners and producers to choose between Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC). April 7 also will be the last day to update yield history or reallocate base acres.
NCC: “Waters of the U.S.” Proposed Rule Overly Burdensome
NCC Chairman Sledge Taylor, in March 17 testimony before a House panel, said that a rule proposed by the EPA and Corps of Engineers to define “waters of the United States” under the Clean Water Act would require costly federal permits for many commonplace and essential farming practices.
NCC: No Adverse Farm Law Changes or Budget Reductions
NCC Director Ronnie Lee testified at a Senate agriculture committee hearing that with producers now making critical decisions on the new farm law’s various program options and with program election and sign-up deadlines still ahead, it would be highly disruptive and punitive to make adverse policy changes or budget reductions while the new farm law is being implemented.
USDA January Production Report
In its January crop report, USDA estimated a '14-15 US crop of 16.08 million bales. Upland production was estimated at 15.50 million bales and extra-long staple production at 588,000 bales. Harvested area was an estimated 9.71 million acres, implying a non-harvested area of roughly 1.33 million acres based on numbers revised from USDA’s June acreage report. The resulting abandonment rate is roughly 12.05%. The national yield per harvested acre was estimated to be 795 pounds, 24 pounds less than the five-year average.
STAX/Farm Bill Workshop/Webinar Information Available
Cotton industry members and agribusiness personnel are encouraged to access information recently presented at the NCC's 25 STAX/Farm Bill workshops as well as information (including audio/video) presented in the NCC's four regional webinars held on December 17-18. Among important elements of The Agricultural Act of 2014 that were covered in those sessions were an in-depth look at the new Stacked Income Protection Plan (STAX) and the Supplemental Coverage Option along with regional examples of insurance rates and county yields.
Farm Bill Frequently Asked Questions
Following the series of farm bill education meetings, the NCC prepared a list of frequently asked questions on the The Agricultural Act of 2014.
Farm Bill Summary and Overview (click here)
This NCC-prepared document contains the basic preliminaries of The Agricultural Act of 2014 that passed out of the House/Senate Conference. The bill is subject to verification when legislative language is reviewed.
FSA Posts Farm Bill Fact Sheet
USDA's Farm Service Agency has created a fact sheet entitled, "What’s in the 2014 Farm Bill for Farm Service Agency Customers?" that includes highlights of The Agricultural Act of 2014 (the Act), also known as the 2014 Farm Bill.
Cotton Newsline: October 22, 2014 The National Cotton Council has scheduled 25 educational meetings across the Cotton Belt to provide its members with in-depth information regarding insurance options for cotton under the Agricultural Act of 2014.
Cotton Newsline: October 17, 2014 USDA's Risk Management Agency (RMA) has released premium rates and expected area-wide yields for the Stacked Income Protection Plan (STAX) and the Supplemental Coverage Option (SCO), both of which will be available for '15 upland cotton crop.