A third Summer 2016 country music festival, Dega Jam, has been canceled.

According to the Anniston Star, the event was canceled for business reasons. A statement on Dega Jam's official website explains, "We regret to announce that despite the tremendous enthusiasm many have expressed about the Dega Jam festival ... the event has been canceled. We sincerely apologize to everyone impacted by this difficult decision — fans, artists, industry partners, corporate partners and everyone at Talladega Superspeedway."

Those who had already purchased tickets to Dega Jam will be receiving full refunds, including service charges.

The first-ever Dega Jam was scheduled to take place July 1-3 at the Talladega Superspeedway in Lincoln, Ala. Eric Church, Blake Shelton and Toby Keith were set to headline, with Kid Rock, Hank Williams Jr.Billy Currington, Lynyrd Skynyrd and many more artists rounding out the three-day event's lineup. The festival was a partnership between Festival Productions Inc., AEG Live and International Speedway Corp., the latter of which is the owner of the NASCAR speedway.

Two other summer country music festivals have been canceled in recent weeks: The 2016 FarmBorough Festival, scheduled for June 17-19, was canceled in early February, while the Big Barrel Country Music Festival, scheduled for June 24-26 in Dover, Del., was canceled in January. Both events were supposed to be in their second year.

Many of Dega Jam's scheduled artists have other summer country music festivals on their calendars, however: Church will be playing at WE Fest in Detroit Lakes, Minn., in August, while Shelton is slated to perform at Country Jam in Grand Junction, Colo., in June, and Rock is booked for June's Taste of Country Music Festival in Hunter, N.Y.

2016's Country Music Tours