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. Details on the plan will be released by mid-August.
“The Cotton Transition Assistance Program is another milestone in USDA’s ambitious timeline for implementing the provisions of the 2014 Farm Bill. Cotton producers now have a risk management tool in place,” Garcia said. “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 this enrollment period,” added Garcia.
CTAP and the Stacked Income Protection Plan were established by the 2014 Farm Bill. The Farm Bill builds on historic economic gains in rural America over the past five years, while achieving meaningful reform and billions of dollars in savings for taxpayers. Since enactment, USDA has made significant progress to implement each provision of this critical legislation, including providing disaster relief to farmers and ranchers; strengthening risk management tools; expanding access to rural credit; funding critical research; establishing innovative public-private conservation partnerships; developing new markets for rural-made products; and investing in infrastructure, housing and community facilities to help improve quality of life in rural America. For more information, visit www.usda.gov/farmbill.
For information, visit a local FSA office or go to www.fsa.usda.gov.