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Comprehensive Guidelines for LDP Processing and Workflow in Cotton Production (July 2007)

This document outlines the detailed workflow and eligibility criteria for the LDP (Loan Deficiency Payment) processing in cotton production, as established during the July 24-26, 2007, training session. It includes essential information required from producers, application procedures using CCC-633 EZ forms, beneficial interest mandates, and payment limitations. It also covers procedural specifics for various LDP types such as Irrevocable Module Lock-In, Gin Direct, and Lost Beneficial Interest. Accurate completion of forms and compliance with guidelines is crucial for timely payment issuance.

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Comprehensive Guidelines for LDP Processing and Workflow in Cotton Production (July 2007)

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  1. LDP Processing LSA Training July 24-26, 2007

  2. LDP Workflow • Obtain from producer: • FSA-211 if applicable • required information for CCC-633 EZ • production evidence (7-CN, Part 5) • beneficial interest information (22-CN, Par. 28) • Review beneficial interest • Begin CCC 770 LSA checklist • Make eligibility determination • Determine sufficient payment limitation

  3. LDP Workflow • Complete CCC Cotton AA-1 • Submit D transaction to ACRS • Receive funds • Issue funds to producer within 3 days • File and deliver LDP documents • Submit Name and Address trailer record • Submit IRS trailer record

  4. CCC-633 EZ • CCC-Cotton AA obsolete • All LDP applications taken on CCC-633 EZ (dated 06-07-06) • Cotton LDP’s require Page 1 and Page 3 • Page 1 – LDP Agreement • Terms and conditions • statement of intentions to apply for LDP • Page 3 – request for cotton LDP

  5. CCC-633 EZ-Page 1 • Only statement of intention to obtain LDP on all eligible production • Must be submitted before beneficial interest is lost • Enables producer to request LDP after beneficial interest is lost • Complete following items: • Producer name and address, phone number, last 4 digits of ID number and signature/date • Crop year • LSA signature, title, date, name and address

  6. CCC-633 EZ – Page 1

  7. CCC-633 EZ – Page 1

  8. CCC-633 EZ – Page 3 • Application for any type cotton LDP • Irrevocable module Lock-In • Gin-Direct • Irrevocable Post-Ginning • Lost Beneficial Interest • Will not be approved unless Page 1 is filed before loss of beneficial interest

  9. CCC-633 EZ – Page 3

  10. Irrevocable Module Lock-In LDP’s • Harvested cotton stored in modules that has not been ginned • Must have beneficial interest • Must be requested on CCC-633 EZ, Page 3 before ginning • Identified by gin-supplied trailer or module numbers • Modules are to be spot-checked to verify existence

  11. Irrevocable Module Lock-In LDP’s • Payments processed after producer submits bale list from module identified on the original request. • Must submit before final loan availability date. • Use the AWP rate on the date a completed page 3 is submitted • Cannot be revised or cancelled

  12. Irrevocable Module Lock-In LDP’s

  13. Module Spotchecks • Spotcheck no less than 2.5% of requests (not modules) monthly • Document results on CCC-Cotton AA-2 • Retain results indefinitely

  14. CCC Cotton AA-2

  15. Gin Direct LDP’s • Must be requested on CCC-633 EZ, Page 3 before ginning • Must have beneficial interest • Rate in effect on date of ginning • Production must be identified - all bales; specific number of bales from a farm; specific farms • Can be revised or terminated under certain circumstances

  16. Gin Direct LDP’s

  17. Irrevocable Post-Ginning LDP’s • Ginned cotton • Requested after ginning and before loss of beneficial interest • Rate based on the date a completed application is submitted • Identified by bale list or file sequence number of a bale list • Cannot be revised or cancelled

  18. Irrevocable Post-Ginning LDP’s

  19. Lost Beneficial Interest LDP’s • Requested after ginning and after loss of beneficial interest • Paid at rate in effect on date beneficial interest was lost • Must provide acceptable documentation of date BI was lost • Identified by bale list or file sequence number • Require a 633 EZ page 1 be submitted prior to loss of beneficial interest

  20. Lost Beneficial Interest LDP’s

  21. Producer Signature

  22. Additional Producer Signatures

  23. LDP Approval

  24. CCC-633 EZ Distribution Approved CCC-633 EZ: • Maintain original in LSA file • Provide copy to producer

  25. Distribution Calculations 45 Bale LDP Request -

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