USDA Announces Revised Program Differentials For 2010 – Crop Extra Long Staple (ELS) Cotton

USDA Announces Revised Program Differentials For 2010 – Crop Extra Long Staple (ELS) Cotton

WASHINGTON – May 7, 2010 – The U.S. Department of Agriculture’s Farm Service Agency (FSA) today announced the availability of a revised ELS loan rate differential schedule for the – 2010 crop of cotton. The revised rates apply only to ELS cotton and do not impact previously announced upland cotton loan rates for 2010-crop cotton.

The revised rates announced today replace rates announced on April 19, 2010, and are more reflective of prevailing ELS cotton market prices.

The revised ELS cotton loan rate differential schedule for individual qualities for 2010 cotton is available on the FSA Price Support Division Web pages (www.fsa.usda.gov/pricesupport).). The schedule is used by the Commodity Credit Corporation (CCC) in making nonrecourse marketing assistance loans to cotton producers and includes factors such as grade, staple length, color and leaf qualities.

The 2010 crop schedule of differentials is applicable to the national average loan rate of 79.77 cents per pound for ELS cotton.

For more information on FSA’s price support programs please visit your local FSA county office or visit http://www.fsa.usda.gov/.

USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write: USDA, Director, Office of Civil Rights, 1400 Independence Ave., SW, Washington, D.C. 20250-9410 or call (800) 795-3272 (voice), or (202) 720-6382 (TDD).

 

More Advocacy Issues

Yesterday, Representative David Scott (D-GA), Chairman of the House Committee on Agriculture, Representative Sanford Bishop (D-GA), Chairman of the Subcommittee on Agriculture, Rural Development, Food and Drug Administration, and Related Agencies, and Senator Raphael Warnock (D-GA), the sole cotton state Democrat on the Senate Committee on Agriculture, Nutrition, and Forestry wrote a letter to Secretary […]

Read More
 

Yesterday, the House Transportation Subcommittee on Coast Guard and Maritime Transportation held a hearing entitled “Impacts of Shipping Container Shortages, Delays, and Increased Demand on the North American Supply Chain.”  The hearing featured two panels: the first panel included Federal Maritime Commission (FMC or Commission) Chairman Daniel Maffei and Commissioner Rebecca Dye, and the second […]

Read More
 

On June 9, 2021, the U.S. Commodity Futures Trading Commission held a meeting of its Agricultural Advisory Committee, which ACSA President/CEO Buddy Allen and Vice-Chairman Tommy Hayden sit on.  The Committee received a report from the Subcommittee to Evaluate Commission Policy with Respect to Implementation of Amendments to Enumerated Agricultural Futures Contracts with Open Interest.  […]

Read More
 

On April 16, 2021, the China Cotton Association (CCA) wrote the Committee for International Co-operation Between Cotton Associations (CICCA) a letter regarding cotton in the Xinjiang region of China. The China Cotton Association also released a statement regarding the recent boycott on Xinjiang cotton by apparel brands. See both the letter and statement below. Letter […]

Read More
 

On April 14, 2021, Memphis stakeholders wrote a letter to Chairman Oberman of the Surface Transportation Board expressing the need for assistance in resolving the current inland rail crisis affecting importers, exporters and motor carriers in the area. See the full letter below. Click Here

Read More
 

On March 15, 2021, Mississippi State University published the expected PLC payments for the 2020 year. Please see the link below for more information. Click Here

Read More