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Payment adjustment, deadline extension offered for EQIP projects

Agriculture.com Staff 06/02/2006 @ 2:00pm

Agriculture Secretary Mike Johanns today announced a payment adjustment and deadline extension for completing environmental projects to qualify for Environmental Quality Incentives Program (EQIP).

"Farmers and ranchers have put various conservation practices on hold because of the recent increases in the cost of energy," said Johanns. "As part of our commitment to help mitigate the impact of high energy costs on agricultural producers, this cost adjustment and time extension will lessen the impact of energy prices on farmers and ranchers, while protecting our natural resources."

Prior to today's announcement, EQIP projects that were delayed due to increasing energy costs had to be completed by June 30, 2006, but now the deadline is September 1.

A one-time payment increase of 15% will be paid for practices completed between March 1 and September 1, 2006, for participants who signed EQIP contracts in 2004 or earlier. Projects must be completed before payments can me made. The 15% payment increase will focus on a select list of specific practices that have escalated in price by 20% or more because of rising energy costs, and to practices most affected by increased costs in construction materials such as concrete, steel and plastic pipe.

For more information, visit http://www.nrcs.usda.gov or visit your nearest USDA Service Center.

Agriculture Secretary Mike Johanns today announced a payment adjustment and deadline extension for completing environmental projects to qualify for Environmental Quality Incentives Program (EQIP).

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