PCG EMAIL SERVICES: COTTON NEWS from Plains Cotton Growers, Inc. - February 6, 2015
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COTTON NEWS from Plains Cotton Growers, Inc. - February 6, 2015
4517 West Loop 289 Lubbock, Texas 79414 806-792-4904
http://www.facebook.com/PlainsCottonGrowers Twitter: @PCGNews
COTTON SCO ENDORSEMENT TO INCORPORATE
Friday, February 6, 2015 By Shawn Wade
Cotton producers considering the new Supplemental Coverage Option
endorsement in 2015 have an additional reason to give the new shallow-loss
coverage product a look – the ability to have it also incorporate
cottonseed coverage via the Cottonseed (Pilot) Endorsement.
Although very little information is available detailing the specifics
of how the SCO endorsement will incorporate cottonseed coverage, a
November 19, 2014 press release issued by the USDA Risk Management Agency
included cottonseed in the list of crops that would have SCO coverage
available in 2015. County level actuarial information available on the
USDA RMA website also includes references to the cottonseed endorsement
alongside the actuarial data for the SCO endorsement.
Specific details about how cottonseed coverage can be incorporated
with the SCO endorsement for cotton will eventually be available from
local crop insurance providers.
At this time, it appears growers who have added the Cottonseed (Pilot)
Endorsement to a Yield or Revenue-based multi-peril insurance policy also
would have their yield-based cottonseed coverage extended to a
Supplemental Coverage Option endorsement if it is also purchased on a
cotton lint policy.
Cottonseed coverage WILL NOT be available to growers on acres covered
by the Stacked Income Protection Plan (STAX) in 2015.
With the 2014 harvest season essentially complete, cotton producers
across the U.S. have been busy evaluating the many new options that were
incorporated into the Federal Crop Insurance program by Congress in the
2014 Farm Bill. With one of those new additions being a Supplemental
Coverage Option endorsement that will apparently be able to provide
area-based, shallow loss coverage for both cotton lint and cottonseed, the
safety net options for growers is expanded even further.
Want the facts about the U.S. agriculture and farm policy?
UPCOMING AREA AG CONFERENCES,
FARM BILL MEETINGS
February 9 – Farm Bill Meeting, 9 a.m.-noon, County Extension Office,
200 W. Taylor, Morton.
February 11 – Corn Meeting, Perryton. Contact Scott Strawn, CEA-AG,
February 16 - Last Chance CEU Meeting, Extension Office Meeting Room,
1212 Houston, Levelland. Contact Kerry Siders, EA-IPM, (806) 638-5635.
February 20 – Wheat Management Options, Lipscomb. Contact J.R. Sprague,
CEA-AG, (806) 862-4601.
February 25 – Sandyland Ag Conference, Seminole. Contact Terry
Millican, CEA-AG, (432) 758-4006.
February 27 - Ornamental and Turf Conference, 9 a.m., Texas A&M
AgriLife Research and Extension Center, Amarillo. Contact Nathan Carr,
CEA-AG, (806) 373-0713.
February 27 – Other than Cotton Meeting, Lamesa. Contact Gary
Roschetzky, CEA-AG, (806) 872-3444.
March 4 – Gray County Ag Conference, Pampa. Contact Brandon McGinty,
CEA-AG, (806) 669-8033.
March 5 – Sorghum Production Meeting, Morse. Contact Kristy Slough,
CEA-AG, (806) 878-4026.
March 6 – Beef and Range Meeting, Lipscomb. Contact J.R. Sprague,
CEA-AG, (806) 862-4601.
March 6 – Cover Crops Seminar, Lubbock. Contact Mark Brown, CEA-AG,
March 11 – Pest Control Meeting, Castro County. Contact Nancy Andersen,
CEA-AG, (806) 647-4115.
March 24 – Sorghum Meeting, Perryton. Contact Scott Strawn, CEA-AG,
March 25 – Oldham County Field Day, Vega. Contact Austin Voyles,
CEA-AG, (806) 267-2692.
March 30 – Pre-Plant Meeting, Lamesa. Contact Gary Roschetzky, CEA-AG,
A complete list of meetings is at http://bit.ly/cottonmeetings. If you
have a meeting you would like to add to this schedule, please call (806)
792-4904 or email maryjane at plainscotton.org.
MARK YOUR CALENDAR!
PCG's 58th Annual Meeting
Friday, April 10
Lubbock Memorial Civic Center
More information coming soon!
COTTON USA HIGHLIGHTS U.S. COTTON
TEXTILE MILLS AT COLOMBIATEX
Friday, February 6, 2015 From Cotton Council International
Six U.S. textile mills joined the COTTON USA Sourcing Program's booth
at the Colombiatex trade show in Medellin, Colombia, in an effort to
strengthen business opportunities for U.S. cotton in the Latin American
Participating U.S. textile mills were: Alamac American Knits, LLC;
Buhler Quality Yarns Corp.; Frontier Spinning Mills, Inc.; Hamrick Mills,
Inc.; Milliken; and Parkdale.
Colombiatex gathered 500 exhibitors; 9,168 national buyers; and 1,760
international visitors from 41 countries. This year's event garnered $306
million in business expectations (65% of which represent fabrics, mainly
made with cotton), a 15% increase over the 2014 fair.
The COTTON USA Sourcing Program displayed the joint COTTON USA/Cotton
Incorporated logo and its 13 U.S. mill logos on the booth, as well as on
8,000 bags and exhibitors' guides. Cotton Incorporated also participated
in Colombiatex, conducting conferences on denim trends, athletic wear and
retail and digital consumers. Additionally, Cotton LEADS™ had a space in
the booth to advertise its benefits and member companies around the world.
To further strengthen business ties between U.S. mills and regional
textile companies, the COTTON USA Sourcing Program also coordinated an
industry event on Jan. 28 for more than 70 attendees.
"Cotton News" is a weekly publication of Plains Cotton Growers, Inc.
For additional information contact PCG at 806-792-4904
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