Marketing assistance loans are nonrecourse loans made available to producers of loan commodities (wheat, corn, grain sorghum, barley oats, upland and extra-long staple (ELS) cotton, rice, soybeans, other oilseeds, honey, wool, mohair, dry peas, lentils, and small chickpeas) under the 2002 farm bill (P.L. 101-171, Sec. 1201-1205). The new law largely continued the commodity loan programs as they were under previous law. Loan rate caps are specified in the law. Marketing loan repayment provisions apply when market prices drop below the loan rates. For farmers who forgo the use of marketing assistance loans, loan deficiency payment (LDP) rules apply (but not for ELS cotton).
marketing, assistance, loans, nonrecourse, loans, made, available, producers, loan, commodities, wheat, corn, grain, sorghum, barley, oats, upland, extra, long, staple, cotton, rice, soybeans, other, oilseeds, honey, wool, mohair, peas, lentils, small, chickpe. Marketing assistance loans are nonrecourse loans made available to producers of loan commodities wheat corn grain sorghum barley oats upland and extra long staple ELS cotton rice soybeans other oilseeds honey wool mohair dry peas lentils and small chickpeas under the 2002 farm bill P L 101 171 Sec 1201 1205 The new law largely continued the commodity loan programs as they were under previous law Loan rate caps are specified in the law Marketing loan repayment provisions apply when market prices drop below the loan rates For farmers who forgo the use of marketing assistance loans loan deficiency payment LDP rules apply but not for ELS cotton References edit nbsp This article incorporates public domain material from Jasper Womach Report for Congress Agriculture A Glossary of Terms Programs and Laws 2005 Edition PDF Congressional Research Service Retrieved from https en wikipedia org w index php title Marketing assistance loans amp oldid 971996353, wikipedia, wiki, book, books, library,
