Source: USDA, 12/7/16

The U.S. Department of Agriculture's (USDA) Commodity Credit Corporation (CCC) today announced that there is not a cotton storage deficit.

The determination was made based on Oct. 1, 2016, production estimates and carry-in stock reports. Since there is no deficit, the CCC has determined that extra storage is not needed for the 2016 cotton crop.

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 marketing assistance loan in specifically designated outside areas.
For further information contact Paul Rodriguez at 816-926-6662 or email Paul.Rodriguez@kcc.usda.gov.