As a way to offer support and a helping hand to the textile mills that got the worst hits in the pandemic, $80 million in additional payments will be provided by The U.S. Department of Agriculture (USDA) to the upland domestic users and extra-long staple cotton.
This will be a one-time payment program called the Pandemic Assistance for Cotton Users (PACU) program.
USDA could begin to issue payments to domestic cotton users in mid- to late April 2021. $.06 per pound will be paid by the USDA to all the domestic users based on a 3-year monthly average during 2017 through 2019, covering 10 months in 2020. The program and payment formula were established by the Consolidated Appropriations Act, 2021.
To regulate payments, previously submitted consumption information by the domestic cotton users to USDA’s Agricultural Marketing Service (AMS) as participants of the Economic Adjustment Assistance for Textile Mills (EAATM) and Special Competitive Provisions for Extra Long Staple Cotton (ELS) will be analyzed.
Moreover, USDA’s National Institute of Food and Agriculture will invest million.
USDA’s Agricultural Marketing Service (AMS) is announcing 9.
9 million for the Specialty Crop Block Grant Program (SCBGP). The U.S. Department of Agriculture (USDA) today announced the availability of more than $330 million to help agricultural producers and organizations in the food supply chain recover from the financial impacts of the COVID-19 pandemic.
