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July 29, 2016
 

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One Week Remains For Cost-Share Signup

Producers eligible for USDA’s new Cotton Ginning Cost-Share (CGCS) program have until August 5, 2016, to sign up. There will be no extension of that deadline.

USDA is distributing program payments, which are issued soon after an individual signs up. A CGCS fact sheet, including eligibility and payment calculation information, is on the NCC’s website at www.cotton.org/issues/2016/upload/16cgcsfact.pdf.

Additional information is at www.fsa.usda.gov/cgcs and in the Farm Service Agency’s (FSA) recently issued Notice CN-1057 – “Cotton Ginning Cost-Share (CGCS) Program for 2015 Cotton Crop” at www.cotton.org/issues/2016/upload/ginnote.pdf. Producers also may contact their local FSA offices. To find your local FSA office, go to http://offices.usda.gov.

 
FSA Loan Bill Introduced

Rep. Bost (R-IL) introduced the “Beginning Farmer and Rancher Guaranteed Loan Modernization Act of 2016” (HR 5733).

The bill raises the caps for guaranteed loans to 90% up to $2.5 million and 80% up to $3.5 million. The bill also includes a 95% guarantee for up to $2.5 million and then factors that guarantee down 1% for every $100,000 with a maximum guarantee of 80% on a $3.5 million dollar guaranteed loan for qualified beginning farmers and ranchers or socially disadvantaged farmers and ranchers. In addition, the bill includes a provision to annually increase the rates with inflation.

In the Senate, Sens. Hoeven (R-ND) and Klobuchar (D-MN) introduced a similar bill, “The Capital for Farmers and Ranchers Act of 2016.” Their bill would increase the cap on Direct Operating and Direct Farm Ownership Loans from $300,000 to $600,000. Similarly, it increases the loan cap for Guaranteed Operating Loans and Guaranteed Farm Ownership Loans from $1,399,000 to $2,500,000.

 
NASS Conducting Conservation Survey

USDA’s National Agricultural Statistics Service (NASS) is contacting 25,000 farmers and ranchers now through August to take part in a national survey that will more accurately measure the environmental benefits associated with implementation and installation of conservation practices on agricultural land.

Survey results will guide USDA conservation policy and program development and help conservationists, farmers, and ranchers more efficiently and effectively conserve natural resources. The results also will help further develop the science-based solutions for managing the agricultural landscape to improve environmental quality while supporting farm-related jobs.

NASS conducts the National Resources Inventory Conservation Effects Assessment Project (NRI-CEAP) survey under a cooperative agreement with the Natural Resources Conservation Service. NRI-CEAP results help determine not only the effectiveness of existing conservation practices but also what resources farmers may need to further protect the soil, water and related resources in selected watersheds and to document on-farm conservation accomplishments.

The NRI-CEAP survey will be conducted in two parts. In the first survey, which is shorter, NASS will determine eligibility for the more in-depth survey that will take place between October 2016 and February 2017. The privacy of all respondents is safeguarded, ensuring that no individual operation or producer can be identified, as required by federal law.

NASS Administrator Hubert Hamer noted, “The survey gives farmers and ranchers the power to provide a more complete and accurate picture of the conservation practices on their operations. If contacted, I encourage farmers and ranchers to participate. Their collective responses can directly benefit themselves and all producers by helping leaders focus on what producers need to install conservation practices that are best for their operations environmentally and financially.”

More information on the CEAP survey is at http://bit.ly/29Yiqio.

 
Contamination Prevention Remains Priority

With harvest underway in some areas of the Cotton Belt, the NCC urges US cotton industry members to maintain their focus on the prevention of contamination in seed cotton and lint.

To assist in this effort, the NCC has created www.cotton.org/tech/quality/contamfree.cfm, a page on its website that contains links to various contamination prevention resources. One of those resources is a “Round Module Handling/Wrap Removal Poster” that can be downloaded, printed and posted in farm shops and gin facilities. This poster, which also can be ordered from the NCC, describes techniques for round module handling and wrap removal – a harvest-time practice that is presenting contamination prevention challenges.

Other NCC educational materials remind producers to make sure harvest crews exercise care when handling round modules and other module covers/tie downs and to watch for and remove contaminates from fields during picking and stripping. Plastic materials such as irrigation pipes, ditch liners, mulch and shopping bags continue as significant sources of contaminants.

NCC Chairman Shane Stephens, whose speeches to various industry groups this year have raised awareness on the need for contamination prevention, said, “Contamination prevention is critical for preserving U.S. cotton’s reputation in the global marketplace because there is fierce competition from other growths and from man-made fibers. Contaminants can end up in yarn and fabric, resulting in defective cotton products and significant costs to textile manufacturers.”

 
Rep. Crawford Addressing NCC Mid-Year Meeting

Rep. Rick Crawford (R-AR), who chairs the House Agriculture Committee’s Subcommittee on General Farm Commodities and Risk Management, has agreed to address the NCC’s 2016 Mid-Year Board Meeting’s open session set for 1:30-4:30 pm on Thursday, August 25, at the Peabody Hotel in Memphis.

Rep. Crawford, who also is a member of the House Transportation & Infrastructure Committee, has a deep knowledge about agricultural policy. His insight on current and potential legislative efforts for helping address the US cotton industry’s challenges will be welcomed by NCC leaders.

The Mid-Year meeting’s open session will feature an activity update from NCC Chairman Shane Stephens and NCC staff reports. Updates from Cotton Council International and the Committee for the Advancement of Cotton also will be included.

 
Southeast Producers See Mid-South Operations

Thirteen cotton producers from the Southeast saw cotton operations in Louisiana, Mississippi and Tennessee as part of the NCC 2016 Producer Information Exchange (PIE) program.

Sponsored by Bayer CropScience LP through a grant to The Cotton Foundation, the PIE is now in its 28th year and has exposed more than 1,100 US cotton producers to innovative production practices in Cotton Belt regions different than their own. Specifically, the program aims to help the cotton producer participants boost their farming efficiency by: 1) gaining new perspectives in such fundamental practices as land preparation, planting, fertilization, pest control, irrigation and harvesting; and 2) observing firsthand the unique ways in which their innovative peers are using current technology. The NCC’s Member Services staff, in conjunction with local producer interest organizations, conducts the program, including participant selection.

The Southeast participants were:  Alabama – Will Counts and Pricie Counts, IV, both of Tuscumbia; Georgia – Jamie Brannen and J.D. Newton, both of Statesboro; Brent Collins, Camilla; John Hanna, Donalsonville; Clay Pirkle, Sycamore; Kollin Pyle, Blakely; and Henry Sumner and Morgan Young, both of Sumner; North Carolina – David Smith, Jr., Oak City; South Carolina – Jim Williams, Camden; and Virginia – Joey Barlow, III, Smithfield.

The group began their Mid-South activities in Memphis with a tour of Bayer’s Genetics greenhouse and a report on cotton trait introgression before hearing a presentation on dredging and river commerce at the US Army Corps of Engineers Mississippi River Shipyard.

While in the Mississippi Delta, the group received an overview of the Delta Council and Delta cotton production and a presentation on the research complex at the Delta Research and Extension Center in Stoneville before touring the Delta Branch Experiment Station there. They toured individual cotton farms in the Greenville area and visited the Grammy’s Museum Mississippi in Cleveland.

In the Lake Providence, LA, area, the group learned about hot sauce production at Panola Pepper Company and heard about continuous no-till and cover crops’ use during a tour of Robbie Howard’s farms. They also toured the Louisiana Cotton Museum and the Port of Lake Providence. The producers traveled to Somerset Plantation in Newellton, LA, for a drone demonstration and presentations on water management and black bear habitat by Jay Hardwick and his sons, Marshall and Meade. They also heard about the use of beds for rice production from Ben Guthrie, a Newellton cotton and rice producer, before touring individual cotton farms in that area.

In the other 2016 PIE tours, Mid-South cotton producers visited the Carolinas on July 18-21; Southwest producers will tour California’s San Joaquin Valley on July 31-August 5; and Western producers will travel to two of Texas’ cotton production regions on August 14-19.

 
COTTON USA Celebrates Cotton Day in Bangladesh

A COTTON USA delegation visited Bangladesh recently to celebrate the country’s first “Cotton Day” and discuss US cotton imports and increasing US market share with Bangladeshi textile and apparel industry leaders.

The delegation, comprised of Cotton Council International (CCI) President Keith Lucas, CCI Executive Director Bruce Atherley and Supima President/CEO Marc Lewkowitz, gave presentations on the world’s cotton supply, responsibly-grown US cotton and other issues pertinent to the consumers, mills and importers making sourcing and purchasing decisions.

COTTON USA’s Cotton Day in Bangladesh featured a fashion show where the models displayed garments made exclusively with US cotton, and also highlighted Bangladesh’s rich cotton heritage.

Many of US cotton’s customers in Bangladesh attended the events, including COTTON USA licensed mills, Cotton LEADS™ partner mills and Supima licensees. Attendees included: Tapan Chowdhury, president of Bangladesh Textile Mills Association and managing director of Square Fashions Ltd.; Sohail Rahman, chairman of Beximco; Matin Chowdhury, managing director of New Asia; Hai Sarker, chairman of Purbani; and Rezaul Hasanat, managing director of Viyellatex Spinning Mills Ltd.

Cotton Day in Bangladesh follows successful Cotton Days in Japan, Korea, Taiwan and Thailand held in May.

 
Sales Weak, Shipments Strong

Net export sales for the week ending on July 21 were 46,200 bales (480-lb) – a marketing-year low. This brings total 2015-16 sales to approximately 9.9 million bales. Total sales at the same point in the 2014-15 marketing year were approximately 11.8 million bales. Total new crop (2016-17) sales are 2.6 million bales.

Shipments for the week were 198,300 bales, bringing total exports to date to 8.9 million bales, compared with the 11.0 million bales at the comparable point in the 2014-15 marketing year. With one week of data still to report in the marketing year, weekly shipments must average roughly 224,000 bales to reach the USDA projection of 9.2 million bales.

 

 
Effective July 29-August 4, 2016

Adjusted World Price, SLM 11/16

 65.50 cents

*

Fine Count Adjustment ('15 Crop)

1.30 cents


Fine Count Adjustment ('16 Crop)

 1.40 cents


Coarse Count Adjustment

  0.00 cents


Marketing Loan Gain Value

 0.00 cents


Import Quotas Open

9

 
Special Import Quota (480-lb bales)

592,173


ELS Payment Rate

0.00 cents


*No Adjustment Made Under Step I

 
Five-Day Average

Current 5 Lowest 13/32 CFR Far East

82.23 cents


Forward 5 Lowest 13/32 CFR Far East

80.68 cents


Fine Count CFR Far East

 83.83 cents

 
Coarse Count CFR Far East

0.00 cents


Current US 13/32 CFR Far East

82.25 cents


Forward US 13/32 CFR Far East

82.25 cents