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June 7 - Geoergia Cotton Growers Applauds USDA for Cotton Ginning Cost-Share Program

Parent Category: NEWS Category: Agribusiness

Dublin Business Journal Staff Report

June 7, 2016 - USDA Secretary Tom Vilsack has launched the Cotton Ginning Cost-Share Program to provide assistance to American cotton producers. This one-time cost-share payment will assist growers who have faced adverse market conditions over the past several years. The Georgia Cotton Commission (GCC) applauds the Secretary on implementing this new program, according to a statement issued yesterday.

GCC Chairman Mike Lucas, a Bleckley County producer, said “We thank Secretary Vilsack for recognizing the current economic situation for cotton producers. This cost-share payment will benefit many of our growers here in Georgia that are currently struggling to stay in business.”

Lucas also noted that USDA’s recognition of the world market conditions, resulting from the surplus cotton stocks held in China, as positive. “We’ve being saying for several years now that American cotton producers can compete with any other cotton producers in the world, we just want a fair playing field,” says Lucas.

Cotton Ginning Cost-Share Program payments will be based on 40% of the average ginning cost for each production region of the country. For Georgia, producers are eligible for a $47.44 per acre payment based on cotton acres reported to USDA-FSA for the 2015 crop year.

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