PRODUCT MANAGEMENT BULLETIN: PM24-030




1400 Independence Avenue, SW
Stop 0801
Washington, DC  20250-0801

Date

May 13, 2024

To:

All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties

From:

Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy    5/13/2024

Subject:

2024 Price B for Cotton Quality Adjustment
Background
In accordance with the Special Provisions, Price B will be established by adding premiums and/or discounts associated with the predominant cotton quality characteristics, as determined by the Farm Service Agency, to the Upland and Extra Long Staple (ELS) Cotton National Average Loan Rates. The predominant quality characteristics of cotton in each state are determined from the most recent three years of Agricultural Marketing Service cotton classing data.
Action

Approved Insurance Providers must use the applicable Price B for quality adjustment purposes from the attached Upland and ELS Cotton Quality tables for the 2024 crop year.

DISPOSAL DATE:
December 31, 2024

Attachment

USDA is an Equal Opportunity Employer and Provider