LDP Processing - PowerPoint PPT Presentation

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LDP Processing

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CCC-Cotton AA obsolete. All LDP applications taken on CCC-633 EZ (dated 06-07-06) ... Harvested cotton stored in modules that has not been ginned. Must have ... – PowerPoint PPT presentation

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Title: LDP Processing


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 LDPs 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 LDPs
  • 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 LDPs
  • 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 LDPs
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 LDPs
  • 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 LDPs
17
Irrevocable Post-Ginning LDPs
  • 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 LDPs
19
Lost Beneficial Interest LDPs
  • 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 LDPs
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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