Final Rule Issued on Cotton Program/CCC-Approved Warehouses
USDA Commodity Credit Corp. (CCC) issued a final rule that makes three changes to the regulations for the cotton program and to the regulations for CCC-approved warehouses used for cotton.
The rule removes obsolete definitions from the regulations for cotton non-recourse loans and loan deficiency payments. It also clarifies the payment calculation for upland cotton that is eligible for the Economic Adjustment Assistance Program. In addition, the rule adds definitions to the regulations for CCC-approved warehouses to clarify the information that cotton warehouse operators must report to CCC.