Definition of Stewardship Incentives Program (SIP)

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TeachMeFinance.com - explain Stewardship Incentives Program (SIP)



Stewardship Incentives Program (SIP)

The term 'Stewardship Incentives Program (SIP) ' as it applies to the area of agriculture can be defined as ' A program administered by the Forest Service through the Farm Service Agency that provides up to 75% cost sharing for practices implementing approved renewable resource plans. Payments are limited to $10,000 annually per landowner, and practices must be maintained for 10 years. Through FY1993, practices had been implemented on more than 670,000 acres by more than 7,000 landowners'.

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About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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