2021 Cotton Loan Chart – PLASTICS!
The United States Department of Agriculture Farm Service Agency released the 2021- crop Upland Cotton Loan Premium and Discount tables on April 15. The biggest changes are in extraneous matter for plastics with level 1 and 2 both over 3000 points. This discount is expected to increase to 4000 points in 2022. Needless to say, we have to be serious about plastic contamination! This is an issue that can be avoided in many cases, especially during harvest and the subsequent handling and transport of modules. With the acceptable prices for December cotton, we want to ensure we avoid severe penalties for quality, especially those that can be avoided. Smaller increases to low fiber strength are also included in this years chart. You can download the tables at the link below.
The revised premium and discount tables apply to the Base Loan rate for Upland Cotton which has also been announced and remains 52 cents per pound for the 2021 crop. The Cotton Incorporated Cotton Loan Calculator will be updated by July to include this 2021 loan chart information.