(LINCOLN, NE) June 30, 2014 – The U.S. Department of Agriculture’s (USDA) Farm Service Agency (FSA) will begin accepting requests for marketing assistance loans (MALs) and loan deficiency payments (LDPs) for eligible 2014 commodities. MALs and LDPs for the 2014 crop year become available to eligible producers beginning with harvest/shearing season and extending through a specific commodity’s final loan availability date.

Marketing Assistance Loans are Available

Contact:
Dan Steinkruger, State Executive Director, at (402) 437-5581
or dan.steinkruger@ne.usda.gov
FSA Website: http://www.fsa.usda.gov/ne

(LINCOLN, NE) June 30, 2014 – The U.S. Department of Agriculture’s (USDA) Farm Service Agency (FSA) will begin accepting requests for marketing assistance loans (MALs) and loan deficiency payments (LDPs) for eligible 2014 commodities. MALs and LDPs for the 2014 crop year become available to eligible producers beginning with harvest/shearing season and extending through a specific commodity’s final loan availability date.

MALs and LDPs provide financing and marketing assistance for wheat, feed grains, soybeans, and other oilseeds, pulse crops, rice, peanuts, cotton, wool, mohair and honey. MALs provide producers interim financing after harvest to help them meet cash flow needs without having to sell their commodities when market prices are typically at harvest-time lows. Allowing farmers to store their products at harvest facilitates a more orderly marketing of commodities throughout the year. A producer who is eligible to obtain a loan, but agrees to forgo the loan, may obtain an LDP if such a payment is available.

The final loan availability dates are as follows:

  • January 31 – mohair, unshorn pelts (LDP only), and wool

  • March 31 – barley, canola, crambe, flaxseed honey, oats, rapeseed, wheat, and sesame seed

  • May 31 – corn, dry peas, grain sorghum, lentils, mustard seed, safflower seed, chickpeas, soybeans, and sunflower seed

The 2014 Farm Bill also establishes payment limitations per individual or entity not to exceed $125,000 annually on certain commodities for the following program benefits: price loss coverage payments, agriculture risk coverage payments, marketing loan gains (MLGs) and LDPs. These payment limitations do not apply to MAL loan disbursements. Please consult your local FSA office for details.

Adjusted Gross Income (AGI) provisions were modified by the 2014 Farm Bill, which states that a producer whose total applicable three-year average AGI exceeds $900,000 is not eligible to receive an MLG or LDP.

The 2014 Farm Bill establishes national loan rates for the 2014 crops of wheat, feed grains, oilseeds, pulse crops, wool, mohair, and honey. County loan rates also are announced for the 2014 crops of wheat, corn, grain sorghum, barley, oats, soybeans and other oilseeds (sunflower seed, flaxseed, canola, rapeseed, safflower, mustard seed, crambe and sesame seed); and regional loan rates for 2014 pulse crops (dry peas and lentils). The rates are posted on the FSA website at www.fsa.usda.gov/pricesupport.

For more information, please visit a nearby USDA Service Center or FSA’s website www.fsa.usda.gov.

USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users).