Announcement from USDA-FSA website.
America’s cotton producers have now faced four years of financial stress, just like the rest of the major commodities, but with a weaker safety net. 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. To help these farmers, USDA’s Farm Service Agency (FSA) is taking action to assist cotton producers through the Cotton Ginning Cost Share (CGCS) program. Continue reading