We want to remind cotton growers that Friday, August 5th, is the deadline to sign up for the Cotton Ginning Cost-Share Program. The program is administered by the USDA Farm Service Agency and provides producers who grew cotton in 2015 with a one-time payment to help offset the cost of ginning cotton. Payments are made on a regional rate – the payment rate for Georgia is $47.44 per acre with a total payment cap of $40,000 per entity. This does not count against your normal $120,000 payment limit under the 2014 Farm Bill. Sign-up for the program started on June 20th and concludes Friday August 5th at your local FSA office. Producers will receive their payments within a couple of weeks of signing up for the program. We would also like to thank USDA Secretary Tom Vilsack for his work, as well as our congressional leaders, for providing this much needed assistance to the cotton industry.
For more information visit our website at www.GeorgiaCottonCommission.org