PM-16-059
Background
The Risk Management Agency (RMA) has revised the Cotton Crop Provisions (17-0021) and Extra Long Staple (ELS) Cotton Crop Provisions (17-0022) for the 2017 and succeeding crop years.
The Risk Management Agency (RMA) has revised the Cotton Crop Provisions (17-0021) and Extra Long Staple (ELS) Cotton Crop Provisions (17-0022) for the 2017 and succeeding crop years.
The Risk Management Agency (RMA) published a Final Rule with Comment in the Federal Register, effective for the 2017 and succeeding crop years, which revised the Crop Provisions that contained Prevented Planting coverage levels for all crops with a 2017 contract change date on or after November 23, 2016, and for the 2018 and succeeding crop years for all crops with a 2017 contract change date prior to November 23, 2016.
Consistent with the Special Provisions statement in lieu of section 10(d)(1) of the Upland and ELS Cotton Crop Provisions, Price B will be established by adding premiums or discounts associated with the predominant cotton quality characteristics as determined by the Farm Service Agency (FSA) to the Upland and ELS Cotton National Average Loan Rate. The predominant quality characteristics of cotton in each state are determined from the most recent three years of Agricultural Marketing Service cotton classing data.
As of November 27, 2015 the following information is now available on the FTP site:
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Consistent with the Special Provisions statement in lieu of section 10(d)(1) of the Upland and ELS Cotton Crop Provisions, Price B will be established by adding premiums or discounts associated with the predominant cotton quality characteristics as determined by the Farm Service Agency (FSA) to the Upland and ELS Cotton National Average Loan Rate. The predominant quality characteristics of cotton in each state are determined from the most recent three years of Agricultural Marketing Service cotton classing data.