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Cotton : Deadline for Ginning Cost Share is Friday May 11

As a reminder, Friday May 11 is the deadline for producers to sign up for USDA’s Cotton Ginning Cost Share (CGCS) program.

 

Producers that certified cotton acres in 2016 should have received a pre-filled application(s) by mail from USDA.  CGCS applications can be submitted to your local FSA office either in person, by FAX or by email.  Producers who did not receive a CGCS payment by April 15, 2018, will receive a reminder post card.

 

Through the CGCS program, eligible producers can receive a one-time 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 20 percent rate for the Mid-South region is $30.39 (includes AR, IL, KY, LA, MS, MO, TN).

 

The CGCS program only applies to producers who have an interest/share in 2016 cotton acres, as reported to FSA county offices on form FSA-578. Cost share payments are capped at $40,000 per person or legal entity. CGCS program payments are its own separate payment limitation and do not count against other 2014 Farm Bill payment limitations

 

University of Arkansas

 

 

This article is brought to you by Quality Farm Supply. The go-to source for the get-go farmer.

 

 

Terry Simmons