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Don't Miss June 20-Aug. 5, '16 CGCS Signup!
Producers are urged to sign up for the FSA-administered Cotton Ginning Cost-Share program that provides cost-share assistance payments to Upland and extra-long staple cotton producers with a share in the '15 cotton crop. The sign-up window of June 20-Aug. 5, '16, will not be extended. In a news release, the NCC expressed sincere gratitude to Secretary of Agriculture Tom Vilsack for providing this one-time $300 million program that offsets a portion of a cotton producer’s '15 crop season ginning costs.
USDA June 2016 Acreage Report
In its June '16 acreage report, USDA estimated '16-17 US cotton plantings at 10.0 million acres, 16.8% more from '15. Upland planted area is estimated to have increased 16.6% to 9.8 million acres while extra-long staple producers planted 199,000 acres, 25.6% more. USDA’s June projection is 461,000 acres greater than their initial '16 estimate released in March.
STAX Modifications Bulletin Issued (32k pdf)
USDA's Nov. 3 information memorandum PM-15-052 to all approved insurance providers, Risk Management Agency (RMA) field offices and all other interested parties, stated that after considering feedback and input from various program participants during the 2015 insurance year, RMA is making several modifications to the STAX program as follows: 1) allow producers to elect a zero percent coverage range by practice; 2) allow Written Agreements that affect insurable acreage to apply to STAX; and 3) make STAX coverage available for cottonseed through an optional endorsement.
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 Dec. 17-18. Among important elements of The Agricultural Act of 2014 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.