USDA Prospective Plantings
USDA’s March Prospective Plantings Report shows US producers intend to plant 9.56 million acres of cotton in '16/17, up 11.4% from '15. Upland area is projected to be 9.35 million acres, up 11.0% from '15/16 while extra-long staple (ELS) area is projected at 215,000 acres, a 35.6% increase. The NCC’s planting intentions survey, released in early February, indicated US producers intend to plant 9.11 million acres of upland cotton and 208,000 acres of ELS.
USDA March Production Report
In its March crop report, USDA estimated a '15-16 US crop of 12.94 million bales. Upland production was estimated at 12.51 million bales and extra-long staple production at 435,000 bales. Harvested area was an estimated 8.08 million acres implying a non-harvested area of roughly 504,000 acres based on USDA’s revised acreage report. The resulting abandonment rate is about 5.87%. The national yield per harvested acre was estimated to be about 769 pounds, 60 pounds less 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.
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.