Recourse Marketing Assistance Loan Program

Recourse loans are Marketing Assistance Loans for which the commodity offered as collateral does not meet the quality eligibility requirements according to U.S. grading standards.      

Recourse loans:     

  • may not be delivered or forfeited to CCC in satisfaction of the loan indebtedness
  • must be repaid in full on or before the loan maturity date at principal plus interest only.
The following are considered recourse loans:
  • high moisture corn and grain sorghum
  • acquired grain for high moisture corn or grain sorghum loans
  • distress loans on any commodity that is not stored in eligible storage
  • any commodity otherwise eligible for nonrecourse loan, but the commodity does not meet the quality eligibility requirements according to U. S. grading standards.
Handbook

8-LP Marketing Assistance Loans and Loan Deficiency Payments for 2014 and Subsequent Crop Years – This handbook (pdf), specifically in Part 12, provides general instructions and information for administrating loans for recourse loans.

2-LP Commodity Data Specific to Wheat, Feed Grains, and Oilseeds – This handbook (pdf) provides grading standards for wheat, feed grains, oilseeds, and the pulse crops.