The National Cotton Council (NCC) conveyed its thanks to President Trump and Agriculture Secretary Sonny Perdue for authorizing the second round of trade mitigation payments aimed at assisting farmers suffering from damage due to unjustified trade retaliation by foreign nations.
USDA announced today that producers of certain commodities, including cotton, now will be eligible to receive Market Facilitation Program (MFP) payments for the second half of their 2018 production. As in the first round, the MFP will provide $0.06/lb. on the remaining half of a producer’s 2018 cotton production (upland and ELS).
Once harvest is complete, producers must certify their production to the local USDA Farm Service Agency office before payments will be made. The signup must be completed by January 15, 2019, with certification due by May 1, 2019.
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