May 31 is deadline to sign up for ginning cost share assistance
Cotton growers have until May 31 to sign up for Cotton Ginning Cost Share (CGCS) payments from the USDA. The deadline has been extended from May 11.
The CGCS program provides assistance to cotton producers with a share in the 2016 cotton crop. The program was established under the statutory authority of the Commodity Credit Corporation Charter Act and under the administration of the USDA’s Farm Service Agency (FSA). The CGCS payments help cotton growers offset their 2016 cotton ginning costs and assist with cotton marketing. The CGCS payments are a one-time payment based on the growers’ 2016 cotton acres reported to the FSA. Georgia is part of the Southeast production region, for which the payment rate is $23.21 per acre.
The cost share payments are capped at $40,000 per person or legal entity. CGCS payments do not count against other 2014 farm bill payment limitations.
To view an FSA fact sheet for more details visit http://bit.ly/GinningCS.