A. All cotton producers in the State shall submit a preliminary Cotton Acreage Reporting Form (PCARF), as approved by the Commission, by May 1 (except when May 1 falls on a state or federal holiday or on a weekend, in which case the PCARF is due no later than the close of business on the next federal work day) of the current growing season to the county Farm Services Agency office which services the county in which the cotton is planted or to be planted. This report must be filed for each growing season and must list all the cotton acreage which the producer intends to plant in the county. Each grower who fails to file a timely PCARF may be assessed a penalty not to exceed three dollars ($3.00) per acre. The Director may, in his sole discretion, waive this penalty upon timely presentation of adequate written justification by the producer. Cotton farmers shall file a final Cotton Acreage Reporting Form (FCARF), as approved by the Commission, on or before July 15 in the same county FSA office, which lists all the cotton acreage actually planted by the producer in the county. Should the final CARF acreage exceed the preliminary CARF acreage by 10 percent or more, the Commission will impose a penalty of two dollars ($2.00) per acre for each acre (or portion thereof) which exceeds the 10 percent tolerance. The Director may, in his sole discretion, waive this penalty upon timely presentation of adequate written justification by the producer.