USDA offers cotton ginning cost share assistance
The U.S. Department of Agriculture (USDA) has approved the Cotton Ginning Cost Share (CGCS) program to expand and maintain the domestic marketing of cotton.
The enrollment period for the CGCS program runs from March 12 to May 11.
Under the program, which is administered by the Farm Service Agency (FSA), cotton producers may receive a cost share payment, which is based on a producer’s 2016 cotton acres reported to FSA multiplied by 20 percent of the average ginning cost for each production region.
The CGCS payment rate for the Southeast, which includes Georgia, is $23.21 per acre.
CGCS payments are capped at $40,000 per producer. To qualify for the program, cotton producers must meet conservation compliance provisions, be actively engaged in farming and have adjusted gross incomes not exceeding $900,000. FSA will mail letters and pre-filled applications to all eligible cotton producers.
The program was established under the statutory authority of the Commodity Credit Corporation Charter Act.