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Farm Service Agency Farm Programs Price Support Division

Farm Service Agency Farm Programs Price Support Division. LSA Training. Opening Remarks. Introductions Review agenda Purpose of meeting Administrative items Safety Building layout Breaks. Loan Servicing Agents. Authorized to make cotton MAL’s, LDP’s to producers who retain BI

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Farm Service Agency Farm Programs Price Support Division

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  1. Farm Service AgencyFarm ProgramsPrice Support Division LSA Training

  2. Opening Remarks • Introductions • Review agenda • Purpose of meeting • Administrative items • Safety • Building layout • Breaks

  3. Loan Servicing Agents • Authorized to make cotton MAL’s, LDP’s to producers who retain BI • Currently 8 LSA’s approved of which 1 suspended • Generally subsidiaries of cotton coop, merchant or gin companies • Provide your own software but use ACRS • Provide financial security equal to $10/bale

  4. CMA, LSA & DMA Members or Producers = 275,000 14 4 4 14 8 44

  5. 25 20 15 10 Millions of Cotton Bales 5 0 2004 1997 2001 2002 2003 2005 2006 1998 1999 2000 County CMA/LSA 2006 Price Support Crop Year – $11.7 Billion

  6. Farm Service Agency

  7. Pop Quiz

  8. How many LSA’s are approved?

  9. 8

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