Ag News
Certain timber owners can request block grant recalculation
Posted on Nov 11, 2020 at 0:00 AM
The Georgia Department of Agriculture (GDA) is implementing a new “Timber Recalculation” under the Farm Recovery Block Grant program for farms that sustained damage from Hurricane Michael in 2018.
The timber recalculation is for individuals who applied for assistance under the Farm Recovery Block Grant program under the third-party certification section of the timber program but who may have had all the necessary documentation to submit a comprehensive timber application instead.
The Timber Recalculation option will be available to operations that were approved for Third-Party Timber assistance. This recalculation will cover acreage and properties already included in the approved Third-Party Timber applications.
For a limited time, GDA will allow these applicants to log into their application on the Farm Recovery application portal, upload their IRS 4684 Casualty Loss form and a timber loss letter from their forester, and input the fair market values before and after Hurricane Michael.
Applicants who are able to provide all the required documentation and information will have their payment recalculated using the timber comprehensive formula. GDA will issue a revised contract or contract addendum to each of these applicants and will issue payment for the recalculated amount minus the initial payment received as part of the applicant’s Third-Party Timber payment.
The GDA sent an email to eligible applicants outlining the timeline and the requirements. The Timber Recalculation period begins on Nov. 12 at 8 a.m.; all requests for recalculation must be submitted by 6 p.m. on Nov. 23. GDA also encourages applicants to not wait until the final days of the recalculation period to submit your information. The earlier GDA receives your information, the earlier the requests can be processed.
For more information, send an email to farmrecovery@agr.geogria.gov.
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