Cotton Transition Assistance Program ENROLLMENT Is Underway

Farmers can enroll in the Cotton Transition Assistance Program (CTAP) through Oct. 7, 2014. The enrollment period opened on Aug. 11, 2014. 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 (STAX), a new insurance product also created by the legislation, is available. Details on the plan will be released by early fall. CTAP applications approved before Oct. 1, are subject to congressionally mandated automatic reductions of 7.2 percent for the 2014 crop year. Applications approved after Oct. 1 will be reduced the required 7.3 percent for the 2015 crop year. The Budget Control Act of 2011 requires USDA to implement these reductions to program payments. For more information about CTAP, visit a local FSA office or go online to www.fsa.usda.gov.

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