Registration Underway for Cotton Ginning Cost-Share Program
Just a friendly reminder that registration for the USDA Cotton Ginning Cost-Share program is now underway at local Farm Service Agency (FSA) offices.
Eligible cotton producers have until August 5 to register for a one-time payment to help offset a portion of their 2015 crop season ginning costs. No extensions for registration will be granted.
Under the program guidelines, payments – which will be made available shortly after an individual signs up – will be calculated by multiplying certified cotton acres times the regional payment rate times a producer’s share of the crop. Certified acres represent 2015 planted acres (including failed acres) for upland and ELS cotton. Cost-share payments are capped at $40,000 per individual or entity and do not count against the 2014 farm law payment limitations.
To be eligible for a cost-share program payment, each applicant is required to be a person or legal entity who was actively engaged in farming in 2015, who complies with conservation compliance provisions, and whose three-year average adjusted gross income does not exceed $900,000.
Additional program details – including the regional ginning costs/payment rates per acre – are available on a National Cotton Council fact sheet or from local FSA offices.