Loan Repayment Extension Producers now have more time to repay marketing assistance loans as part of the U.S. Department of Agriculture’s implementation of the Coronavirus Aid, Relief, and Economic Security Act of 2020. The loans now mature at 12 months rather than nine, and this flexibility is available for most commodities. The extension applies to nonrecourse loans for crop years ... Read More »
Program Enrollment Deadline The U.S. Department of Agriculture’s Farm Service Agency encourages producers to enroll now in the agriculture risk or price loss coverage programs. Sign up for the 2019 crop year closes March 15, 2020, while sign up for the 2020 crop year closes June 30, 2020. Producers who have not yet enrolled for 2019 can enroll for both ... Read More »
The U.S. Department of Agriculture’s Commodity Credit Corporation announced corrected 2019 crop loan rates. Loan rates published in June were incorrectly calculated. The 2014 Farm Bill established the national loan rate for peanuts at $355 per ton, which is unchanged from the previous Farm Bill. CCC calculated the price support levels for each peanut type using the same method as ... Read More »
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