TeachMeFinance.com - explain Forestry Incentive Program (FIP)
Forestry Incentive Program (FIP) The term 'Forestry Incentive Program (FIP) ' as it applies to the area of agriculture can be defined as ' Initiated in 1975 as an independent program and currently administered by the Natural Resources Conservation Service, FIP provides financial assistance for up to 65% of the cost of tree planting and timber stand improvement on private forest stands of less than 1,000 acres. Payments are limited to $10,000 per year. More than 4,500 forest owners with 165,000 acres participated in 1995. The program now is authorized under the Cooperative Forestry Assistance Act of 1978, as amended'.
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