October 7 is the cutoff date for cotton growers to enroll for the Cotton Transition Assistance Program (CTAP).
The program, created by the 2014 Farm Bill, provides interim payments to cotton producers during the 2014 crop year until the Stacked Income Protection Plan, a new insurance product also created by the legislation, is available.
In announcing the program enrollment in August, Farm Service Agency officials stated, “Cotton producers now have a risk management tool in place. To help us provide the best service possible, producers are encouraged to schedule an appointment with their local Farm Service Agency office.”
CTAP applications approved after October 1 are subject to congressionally-mandated automatic reductions of 7.3 percent for the 2015 crop year. Any applications approved before October 1 were subject to a required 7.2 percent reduction for the 2014 crop year.
The Budget Control Act of 2011 requires USDA to implement these reductions to program payments.