January 3, 2025

Welcome to the January 3, 2025 issue of Cotton News, a service provided by Plains Cotton Growers Inc. for the cotton industry in the Texas High Plains and beyond.

Corporate Transparency Act Update

American Relief Act of 2025 Economic Assistance Payment Calculators

Quality Reports

Upcoming Events

Corporate Transparency Act Update — Injunction Reinstated

After some confusing back and forth, the United States Court of Appeals for the Fifth Circuit issued an Order on December 26, 2024 reinstating the injunction preventing the Corporate Transparency Act’s beneficial ownership reporting requirement form going into effect.

As of December 26, 2024, the nationwide injunction preventing the Corporate Transparency Act’s beneficial ownership reporting requirement from being enforced is in effect. There is currently no enforceable deadline for reporting beneficial ownership during the existence of this stay while the litigation proceeds.

Producer Economic Assistance Payment Calculators Available

The University of Missouri Food & Agricultural Policy Research Institute has developed two calculators for the American Relief Act of 2025 Economic Assistance payments.

Disclaimer: Many provisions in the legislative text allow or require the discretion of the Secretary of Agriculture in determining certainty of the relevant variables (prices, costs, yields, etc.) used in payment calculations. The final values determined by the Secretary and used in the actual payment calculations could be different from the estimates used here.

See the Producer Economic Assistance Payment Calculators Here

2024 Cotton Quality Report

Abilene’s average daily number of cotton samples received this week is 7,472. The office is currently 88.28% complete in the classing of their season estimate of samples.

Lamesa’s average daily number of cotton samples received this week is 3,590. The office is currently 83% complete in the classing of their season estimate of samples.

Lubbock’s average daily number of cotton samples received this week is 12,900. The office is 96% complete in the classing of their season estimate of samples.

Abilene Report

Lamesa Report

Lubbock Report

Reminder for Gins:

If gins are submitting samples for the Four Bale Module Averaging pilot program, the submitted modules must be designated with a R and they must be in multiples of 4. (4, 8, 12, 16 up to 48).