News
Arkansas cotton farmers to receive rebate from the ABWEF
Arkansas cotton farmers will receive a cash rebate from the Arkansas Boll Weevil Eradication Foundation. The board of directors voted to issue a $.75 rebate to cotton farmers for acreage reported in 2021 under the state’s boll weevil eradication program.
The ABWEF borrowed millions of dollars over the years from the USDA Farm Service Agency (FSA), as did other Southern states and programs, to finance the boll weevil eradication program that began in 1997. The boll weevil pest was eradicated from Arkansas in 2006. In 2015, the ABWEF successfully paid off the loan amount three years early. Since 2018, the ABWEF has provided a cash rebate to growers each year.
A total of $318,000 will be returned to cotton farmers by the end of April.
