Usda Cotton Storage Agreement

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. License – Storage Contract Branch Warehouse – Commodity Management Division Beacon Facility – Mail Stop 8748 P.O. Box 419205 Kansas City, MO 64141-6205 Tel: 816-926-6474 Email: warehousing@ams.usda.gov This action corrects a lack of storage space in South Texas for the 2018 cotton campaign, as defined 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. 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. Shipping Cotton Quickly – in Good Faith (July 2014) The relationship between cotton shippers and warehouses dates back to the early days of the cotton industry. … (but) Time and communication … has often become a sensitive point in today`s cotton movement. CCC Issues Policy With respect to the use of the cotton transfer procedure for certification Commodity Credit Corp.

authorizes the use of the tree wool transfer process for the exchange of electronic storage documents (EEA) by EEA-certified products. In this way, lines of credit (after the loan is cashed in) can be delivered under Intercontinental Exchange, Inc. futures contracts. 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. Several problems have combined to form a storage deficit for the 2018 harvest in South Texas, including a transportation shortage in the South Texas region; Storage facilities available in the Corpus Christi region; increased production due to higher yields than normal yields in the upper coastal region of Texas; and the record high flow of bearing gins. The Inventory and Commodities Management Department, part of AMS` Fair Trade Practices Program, manages cotton storage agreements on behalf of CCC for more than 300 cotton warehouses. USDA currently has storage contracts with more than 3,000 warehouses and other storage facilities, which are essential for the efficient and efficient marketing of agricultural raw materials in the United States. 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. 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. The updated document contains adjustments to CCC credit rates that reflect the changes requested in the 2008 Farm Bill.

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