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Cotton Transition Assistance Program Enrollment Begins

Cotton Transition Assistance Program Enrollment Begins

USDA Farm Service Agency Administrator Val Dolcini announced that farmers in eligible counties may enroll in the Cotton Transition Assistance Program (CTAP), beginning July 6.

Enrollment deadline is September 30, 2015.

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CTAP provides interim payments to cotton producers in counties where the Stacked Income Protection Plan (STAX), a new insurance product administered by the Risk Management Agency, is not yet available.

Most cotton-producing counties and cotton producers have STAX available and are not eligible for CTAP.

“The Cotton Transition Assistance Program is for farms with former cotton base acres that are physically located in a county where the Stacked Income Protection Plan is unavailable,” said Dolcini. “To help us provide the best service possible, cotton producers are encouraged to schedule an appointment with their local Farm Service Agency office early in the application period.”

The Cotton Transition Assistance Program and the Stacked Income Protection Plan were established by the 2014 Farm Bill. A list of counties eligible for CTAP in 2015 is available online.

More information is available at local Farm Service Agency offices.

 

Source – USDA