Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211


Agricultural News

USDA Helps Cotton Farmers Expand Domestic Market Through Cotton Ginning Cost Share Program

Mon, 05 Mar 2018 15:01:36 CST

USDA Helps Cotton Farmers Expand Domestic Market Through Cotton Ginning Cost Share Program U.S. Secretary of Agriculture Sonny Perdue today announced at the 66th Annual Mid-South Farm and Gin Show the U.S. Department of Agriculture (USDA) is taking action to assist cotton producers through a Cotton Ginning Cost Share (CGCS) program in order to expand and maintain the domestic marketing of cotton.

“America’s cotton producers have now faced four years of financial stress, just like the rest of our major commodities, but with a weaker safety net,” Perdue said. “In particular, cotton producers confront high input and infrastructure costs, which leaves them more financially leveraged than most of their colleagues. That economic burden has been felt by the entire cotton market, including the gins, cooperatives, marketers, cottonseed crushers, and the rural communities that depend upon their success.”

The sign-up period for the CGCS program runs from March 12, 2018, to May 11, 2018.

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.

Perdue added, “I hope this will be a needed help as the rural cotton-growing communities stretching from the Southeastern U.S. to the San Joaquin Valley of California prepare to plant. This infusion gives them one last opportunity for assistance until their Farm Bill safety net becomes effective.”

The CGCS payment rates for each region of the country are:

Region States Costs of Ginning per Acre CGCS Payment Rate
Southeast Alabama, Florida, Georgia, North Carolina, South Carolina, Virginia $116.05 $23.21
Mid-South Arkansas, Illinois, Kentucky, Louisiana, Missouri, Mississippi, Tennessee $151.97 $30.39
Southwest Kansas, Oklahoma, Texas $98.26 $19.65
West Arizona, California, New Mexico $240.10 $48.02

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.

To learn more about the CGCS program, visit www.fsa.usda.gov/cgcs or contact a local FSA county office. To find your local FSA county office, visit the USDA’s new website: https://www.farmers.gov/.

Source - USDA



WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Wednesday Preopening Market Update with Dave Lanning  Wed, 21 Mar 2018 06:59:30 CDT
  • Steer and Heifer Calves Lightly Tested Tuesday at OKC West Livestock Auction in El Reno, Okla.  Tue, 20 Mar 2018 15:35:08 CDT
  • Monsanto Working with Stakeholders to Ensure the Proper and Effective Use of Dicamba Products  Tue, 20 Mar 2018 15:30:00 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Tuesday, March 20, 2018  Tue, 20 Mar 2018 14:25:01 CDT
  • Tuesday Market Wrap-Up with Justin Lewis  Tue, 20 Mar 2018 14:19:32 CDT
  • Tuesday Afternoon Market Wrap-Up with Carson Horn  Tue, 20 Mar 2018 14:17:32 CDT
  • Interagency Fuels and Fire Behavior Advisory Extended in Response to Persistant Dry Weather in OK  Tue, 20 Mar 2018 13:39:04 CDT
  • President of Northeastern Grocery Store Chain Underscores Beef's Important Role in Overall Sales  Tue, 20 Mar 2018 11:55:34 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association Oklahoma City Farm Show

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.