Get Paid to Grow Biomass Crops: Up to $17M Available
Summary
Farmers and producers can receive significant financial assistance for establishing and maintaining perennial biomass crops. This program offers reimbursements for up to 75% of establishment costs and annual rental payments, supporting sustainable agriculture and renewable energy initiatives.
Eligibility
Full Description
The total BCAP program funding for FY2012 is $17 million, which includes costs for IT, counsel, and technical assistance. Awards, the selection of a project area, are provided in the form of direct annual rental payments and establishment payment reimbursements for up to 75% of the establishment costs for perennial crops. Award ceiling and floor are only suggested amounts for selection priority. The BCAP was authorized by the 2008 Farm Bill.
Its authorization expires September 30, 2012. All contracts to producers, regardless the length of the approved application, are obligated from present year funds and payments will be executed according to the terms of the producer applications. Approved producer applications maybe up to 5 years for herbaceous crops and may be up to 15 years for woody crops.