Usda Cotton Storage Agreement

December 19, 2020 james

For more information, please contact Dan Schofer, Cotton Program Manager, AMS Warehouse and Commodity Management Division at 202-690-2434 or dan.schofer@ams.usda.gov. APHIS PHYTO Programs More Baled Cotton Friendly USDA-APHIS has worked closely with the NCC and the cotton industry to ensure that the process of issuing plant health certificates is pamuitable for cotton. The APHIS PHYTO page contains useful information on the Agency`s Electronic Plant Health Certificate (PHYTO) and the APHIS compliance program for cotton warehouses. The U.S. Department of Agriculture`s (USDA) Agricultural Marketing Service (AMS) announced today that cotton warehouse operators in South Texas could apply for permission to store cotton outdoors in specially designated areas between October 20, 2018 and January 31, 2019. The warehouse operator must have a cotton storage contract with Commodity Credit Corporation (CCC) on July 1, 2018. CCC to implement rejected storage credit software According to “NOTE CN-1030,” CCC will begin on March 25, 2008 to refuse storage credits for stored upland cotton. The notice contains general provisions that describe: 1) how payments begin (the so-called “stock start CCC” date), 2) the date of the credit disclosure, 3) the determination of the additional 15 days for credit balls that are stored on the farm but moved inland, and 4) clearly specifies the obligations to store CCC credit guarantees on the shipyard. The notice states: “… As part of CCC`s zero-tolerance policy for reporting on shipyard storage, if credit balls are found to be stored in yard but are not declared as yards, the warehouse is subject to loss of its authorized status.┬áThis measure corrects a lack of storage space in South Texas for the 2018 cotton marketing year, as determined by CCC.

This provision applies only to cotton warehouses in the following Texas counties: Brazos, Cameron, Galveston, Harris, Hidalgo, Nueces, San Patricio, Webb, Wharton, Williamson and Willacy. User Guide to The Cotton Pledged Transfer as Collateral For a Commodity Credit Corporation (CCC) Loan (26K pdf) On April 9, 2008, CCC sent a guide to selected cotton interests, with updates and clarifications for the CCC credit wool transfer. No substantial changes were made to the transfer process. The purpose of the guide was to encourage traders and others to use the web process when cotton is cashed into the CCC loan. Loan Cotton Charges and Transfers Described (52K pdf) This document developed by NCC describes the credit charges to which producers may be exposed in the event of cotton degradation. The document also indicates the impact that recent regulatory changes can have on the cost of credit.