NCC: President’s Recognition of U.S. Agriculture Encouraging
The NCC applauded President Donald Trump’s March 21 issuance of a National Agriculture Day proclamation that stated, “America's farmers and ranchers help feed the world, fuel our Nation's economy, and lead global markets in output and productivity.”
Strong Safety Net Needed
The NCC joined with multiple agricultural organizations on a March 15 letter to the chairs and ranking members of the House and the Senate budget and appropriations committees -- stating the clear need for a stronger farm safety net to help farmers and ranchers through this difficult, long-term period of depressed prices and income.
Bring Cotton Back Into Title I
Testifying at a recent Senate Committee on Agriculture, Nutrition, and Forestry hearing in preparation for the next farm bill, Tom Lahey, a Moscow, KS, cotton and grain producer and vice president of the Kansas Cotton Association, 1) cited the critical need for cotton to be brought back into the Title I commodity policies of the farm bill and 2) explained how crop insurance alone cannot provide effective risk management during prolonged periods of depressed market conditions -- as cotton recently has experienced.
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: March 29, 2017 For the past three years, U.S. cotton producers have struggled with low cotton prices, high production costs, and the resulting financial hardships.
Cotton Newsline: March 22, 2017 The National Cotton Council and other commodity organizations met with key economic staff at the White House last week to talk about the importance of trade to agriculture and how it helps maintain a healthy agriculture economy.