USDA January Production Report
In its January crop report, USDA estimated a 2016-17 U.S. crop of 16.96 million bales. Upland production was estimated at 16.40 million bales and extra-long staple production at 558,000 bales. Harvested area was an estimated 9.52 million acres implying a non-harvested area of about 553,000 acres based on USDA’s revised acreage report. The resulting abandonment rate is about 5.49%. The national yield per harvested acre was estimated to be about 855 pounds, 33 pounds more than the five-year average.
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.
Cotton Newsline: February 10, 2017 COTTON USA recently promoted the U.S. cotton industry as a global leader in the home textiles industry at Heimtextil, a leading trade show in Frankfurt, Germany.
Cotton Newsline: February 3, 2017 Trade deals like the North American Free Trade Agreement, or NAFTA, were designed to promote and preserve our trade relationships with foreign markets.
Cotton Newsline: February 1, 2017 Congress and the new Administration have made it a priority to lessen the regulatory burden on small businesses, agriculture, and other industries in the coming years.