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News Releases

Printable Version
Release 0232.12

 

 
Contact:
Kent Politsch 202-720-7163

 

 
USDA Announces No Storage Deficit Areas for the 2012-Crop Cotton Marketing Assistance Loan Program

 
WASHINGTON, Dec. 18, 2012 — The Department of Agriculture's Commodity Credit Corporation (CCC) today announced that no storage deficit areas have been determined for the 2012-crop cotton marketing year.

 
CCC determines that a storage deficit area exists if the production of cotton exceeds the combined approved inside storage capacity of warehouses that have entered into a cotton storage agreement with CCC, less carry-in stocks for the area. Approved cotton storage warehouse operators located in a storage deficit area may apply to CCC for authorization to store cotton that is pledged as collateral for a CCC loan in specifically designated outside areas.

 
Based on Oct. 12, 2012, production estimates and carry-in stock reports from the National Agricultural Statistics Service, CCC determined there was no cotton storage deficit and therefore did not designate storage deficit areas for the 2012- crop cotton.

 
For further information contact Paul Rodriguez at 816-926-6662 or Paul.Rodriguez@kcc.usda.gov.

 
USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write to USDA, Assistant Secretary for Civil Rights, Office of the Assistant Secretary for Civil Rights, 1400 Independence Avenue, S.W., Stop 9410, Washington, DC 20250-9410, or call toll-free at (866) 632-9992 (English) or (800) 877-8339 (TDD) or (866) 377-8642 (English Federal-relay) or (800) 845-6136 (Spanish Federal-relay).

 

 

 

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