2014 Marketing Assistance Loans (MAL) and Loan Deficiency Payment (LDP) requests
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. 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. Marketing loan provisions and LDPs are not available for sugar and extra-long staple cotton.
There has not been an LDP rate in effect in Saline County for a number of years. But if posted county prices drop below loan rates, resulting in an LDP rate for a commodity, producers must have a signed form CCC-633 EZ page one on file at their FSA prior to losing beneficial interest in the commodity, in order to receive the LDP.
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.
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.
National and county loans rates for 2014 crops are posted on the FSA website at: www.fsa.usda.gov/pricesupport.