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The target price for 1989 is 73.4 cents/lb. with the loan at 50 cents/lb. The acreage reduction is 25% of base acreage with no paid diversion. Plan B will be used for the marketing loan redemptions. Interest and warehouse charges will be waived for cash redemptions. Sign-up is December 19, 1988 - February 14, 1989. New Payment eligibility rules apply for 1989. Payment plans must be completed by April 1, 1989. |
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©National Cotton Council, Memphis TN |
Document last modified Sunday, Dec 6 1998
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