Welcome to the September 20, 2024 issue of Cotton News, a service provided by Plains Cotton Growers Inc. for the cotton industry in the Texas High Plains and beyond.
USDA-RMA Cotton Monitoring Program Update
While many in our PCG service region have recently had questions regarding the U.S. Department of Agriculture Risk Management Program (USDA-RMA), we wanted to provide a statement of clarification to the program. Initially, the re-implementation of the cotton monitoring program was to monitor and review early season losses. Plains Cotton Growers fully supports the cotton monitoring program as we believe the program helps preserve the integrity of the crop insurance program that our region depends upon.
In meeting recently with USDA-RMA, they disclosed that a notice was provided to Approved Insurance Providers (AIP’s) stating that the initial portion of review is now closed and that daily report submissions will not be required at this time.
However, the policies in which reappraisals were conducted are still open as RMA are awaiting final transmission of the policy files and claim documents. RMA is now moving on to a more targeted review of the crop and AIP’s will be notified of policies where they request a pre-harvest inspection and claim review of producers based on their data mining and field work.
In Case You Missed It
An Update on the Status of the Farm Bill with Kody Bessent
A Cotton Economic Update with Jon Devine
Details of How the 4-Bale Module Averaging Pilot Program Will Work
Boozman: “Timely and Urgent Response” Needed to Stave Off Looming Farm Crisis
Kara Bishop on the PAC Show with Dan Jackson (starts at 35:45)