Payment Limit Update-Summary of Interim Reporting Solution

Below is an update from the Chairman of the NCC Payment Limit Technical Working Group on the Interim Reporting Process for the 2014 crop year.  While it’s a work in progress and not without challenges, FSA has reached a point where they are ready to begin attribution of benefits for this crop year.  As stated in the update, this is a recording and reporting solution only.  It does not establish policy.  That task is the responsibility of FSA Price Support. Raellen Erickson and her team at Price Support are currently working on those decisions and we expect to hear more from them in the near future about how they plan to resolve compliance/payment issues.

PLM Update 3-25-15

CMA-LSA-DMA Import Process1

More Advocacy Issues

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

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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

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The link below provides an overview and key takeaways from the Senate Banking Committee hearing to consider Gary Gensler to be a Member of the U.S. Securities and Exchange Commission (SEC). Click Here

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The National Cotton Council provided a cotton specific summary of the Quality Loss Adjustment Program and examples. See below. Click Here

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Yesterday, the Senate Agriculture Committee held a hearing to consider the nomination of Tom Vilsack to be Secretary of Agriculture. Click below for details from the hearing. Click Here

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China Policy and Market Update

January 29th, 2021

In December, China imported 1,629,083 bales (354,691 MT) of cotton, representing an increase of 80.43% month-on-month (m/m), and an increase of 130.9% year-on-year (y/y). The total value was USD $588.82 million, representing an increase of 89.33% m/m, an increase of 117.21% y/y. In 2020, Chinese cotton imports totaled 9,912,346 bales (2,158,159 MT), an increase of […]

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