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USDA August Production Report
In its August crop report, USDA estimated a '15-16 US crop of 13.08 million bales. Upland production was estimated at 12.65 million bales and extra-long staple production at 432,000 bales. Harvested area was an estimated 7.90 million acres, implying a non-harvested area of roughly 1.00 million acres based on USDA’s revised June acreage report. The resulting abandonment rate is roughly 11.27%. The national average yield per harvested acre was estimated to be roughly 795 pounds, 34 pounds lesss than the five-year average.
Enrollment Period Opening For ARC, PLC Programs
USDA Secretary Vilsack announced that eligible producers may formally enroll in the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for '14 and '15 from June 17, '15 through Sept. 30, '15. Cotton is no longer a covered commodity under the ARC and PLC programs.
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.