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Cotton Program Changes for Loans, Loan Deficiency Payments, Upland Cotton, and Extra Long Staple Cotton

farm-program · Commodity Credit Corporation · Rule · Published 2008-11-05 · Effective 2008-10-31 · 73 FR 65715

Document

Document number
E8-26343
Federal Register citation
73 FR 65715
CFR reference
7 CFR 1427
Type
Rule
Action
Final rule.
Category
farm-program
Sub-agency
Commodity Credit Corporation
Publication date
2008-11-05
Effective date
2008-10-31

Abstract

The Commodity Credit Corporation (CCC) is revising regulations as required by the Food, Conservation, and Energy Act of 2008 (the 2008 Farm Bill) to administer loan and payment programs for upland cotton and extra-long staple (ELS) cotton producers and establishing new regulations to specify payment provisions for domestic users of upland cotton. The 2008 Farm Bill generally extends the existing upland cotton and ELS cotton programs with some changes in calculations of the adjusted world price (AWP) and loan schedules for upland cotton. The new program for economic adjustment assistance for domestic users of upland cotton will pay a statutorily specified rate per pound and provides that such payments may only be used for capital investments (for example, plant, equipment, land, machinery).

Source

Authoritative
Federal Register document
Machine
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