USDA Reminds Farmers to Certify Conservation Compliance by June 1
USDA is reminding producers that the '14 farm law requires them to file a Highly Erodible Land Conservation and Wetland Conservation Certification form (AD-1026) with their local USDA service center by June 1, '15, in order to become or remain eligible for crop insurance premium support.
NCC Opposes Prevented Planting Provisions Changes
In response to a study conducted by USDA’s Risk Management Agency on prevented planting coverage levels, the NCC was joined by producer and ginner organizations in submitting comments to the agency opposing any change to coverage levels for upland and extra-long staple cotton.
USDA Prospective Plantings
USDA’s March Prospective Plantings Report indicates US producers intend to plant 9.55 million cotton acres in '15, 13.5% less than in '14. Upland area is projected to be 9.40 million acres, 13.3% less than '14-15 while extra-long staple (ELS) area is projected at 150,000 acres, a 21.9% decrease. The NCC’s planting intentions survey, released in early February, indicated US producers intend to plant 9.19 million upland cotton acres and 236,000 ELS acres.
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 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.