NCC Conducting STAX/Farm Bill Workshops
The NCC 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. The first meeting will be on Nov. 10 and the last two on Dec. 10.
Notice ARCPLC-10 Covers Yield Update Provisions (462k pdf)
USDA's Farm Service Agency issued Notice ARCPLC-10 which updates Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) Yield Update Provisions. The notice provides: yield update policy, yield decision policy, PLC yields, yield certification policy, yield update examples, yield software and an example of CCC-859 and instructions.
FSA Issues Revised AD-1026 Regarding HELC, WC (2.8mb pdf)
Revised versions of AD-1026 and AD-1026 Appendix (dated 6-30-14) were issued by USDA's Farm Service Agency to reflect the linkage for any premium subsidy eligibility for crop insurance policy or plan paid by FCIC to compliance with Highly Erodible Land Conservation (HELC) and Wetland Conservation (WC) Certification provisions as required by the Agricultural Act of 2014.
NCC Appreciates Timely APH Announcement
The National Cotton Council commended USDA’s Risk Management Agency (RMA) for implementing a farm law provision important to cotton production areas that have been hit with drought and other adverse weather in recent years.
APH Yield Exclusion To Be Implemented For '15 Spring Crops
Agriculture Secretary Tom Vilsack announced on Oct. 21 the implementation of a new farm law initiative that will provide relief to farmers affected by severe weather, including drought. The Actual Production History (APH) Yield Exclusion, available nationwide for farmers of select crops, including cotton, allows eligible producers who have been hit with severe weather to receive a higher approved yield on their insurance policies through the federal crop insurance program.
USDA October Production Report
In its October crop report, USDA estimated a '14-15 US crop of 16.26 million bales. Upland production was estimated at 15.68 million bales and extra-long staple (ELS) production at 578,000 bales. Harvested area was an estimated 9.88 million acres, implying a non-harvested area of roughly 1.13 million acres based on USDA’s latest acreage report. The resulting abandonment rate is roughly 10.25%. The national yield per harvested acre was estimated to be 790 pounds, 29 pounds less than the five-year average.
Materials Clarify Conservation Compliance Provisions
The Natural Resources Conservation Service, Risk Management Agency and Farm Service Agency developed materials to clarify conservation compliance provisions for crop insurance participants. Included are pdfs and web versions of a fact sheet and FAQ section with the FAQ web version allowing users to select each question individually and expand to see the answer.
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.