Marketing Loans, Loan Deficiency Payments, and Commodity Certificates


Book Description

Marketing assistance loans are one of the three primary subsidies in U.S. farm commodity programs. Since the loan program is tied to current production, it is a source of controversy in international trade negotiations. The 2002 farm bill continues the marketing loan program and sets loan prices through 2007. Policy issues for the 109th Congress regarding loans include payment limitations (especially the unlimited use by farmers of commodity certificates to avoid the limits), and the U.S. response to international pressure over the trade-distorting nature of marketing loans. One purpose of the loan program is to provide short-term financing to allow farmers to pay their bills soon after harvest and facilitate orderly marketing throughout the rest of the year. The loan program also provides significant income support when market prices are below statutory loan rates. Marketing loan benefits to farmers averaged $6 billion from FY1999-FY2002, but have since declined to under $500 million as market prices have increased. This report will be updated as events warrant.







Farm programs changes to the Marketing Assistance Loan Program have had little impact on payments.


Book Description

Federal payments to farmers have reached an historic high over $26 billion in fiscal year 2000. Much of this assistance was targeted to help farmers cope with persistently low commodity prices and was provided principally through the Marketing Assistance Loan Program, which is administered by the U.S. Department of Agriculture (USDA). This program was designed originally to provide short-term financing so that farmers could pay their bills right after harvest and spread their sales over the entire marketing year. However, at times of low commodity prices as in 1999 and 2000 the Marketing Assistance Loan Program has become a major source of income for farmers growing wheat, rice, feed grains, oilseeds (primarily soybeans), and upland cotton.




Marketing Assistance Loans and Loan Deficiency Payments (Us Commodity Credit Corporation Regulation) (CCC) (2018 Edition)


Book Description

Marketing Assistance Loans and Loan Deficiency Payments (US Commodity Credit Corporation Regulation) (CCC) (2018 Edition) The Law Library presents the complete text of the Marketing Assistance Loans and Loan Deficiency Payments (US Commodity Credit Corporation Regulation) (CCC) (2018 Edition). Updated as of May 29, 2018 The Commodity Credit Corporation (CCC) is revising regulations as required by the Food, Conservation, and Energy Act of 2008 (the 2008 Farm Bill) to administer the Marketing Assistance Loans (MAL) and Loan Deficiency Payments (LDP) programs for wheat, feed grains, soybeans, other oilseeds, peanuts, pulse crops, honey, wool and mohair. The 2008 Farm Bill generally extends the existing programs with some changes that are implemented in this rule. The amendments in this rule will add large chickpeas, beginning with the 2009 crop year, to the list of pulse crops eligible for assistance and provide separate rates for long and medium grain rice beginning with the 2008 crop year. The addition of large chickpeas may increase the number of farmers and ranchers who may receive FSA and CCC program benefits. The amendments will also, in addition, to other amendments to the old rule and clarifications, allow producers to store collateral in Federally and State-licensed warehouses that do not have a CCC storage agreement, which may reduce redundant licensing costs for warehouse operators while allowing producers a greater choice of warehouses. This book contains: - The complete text of the Marketing Assistance Loans and Loan Deficiency Payments (US Commodity Credit Corporation Regulation) (CCC) (2018 Edition) - A table of contents with the page number of each section




Marketing Assistance Loans, Loan Deficiency Payments, and Sugar Loans (Us Commodity Credit Corporation Regulation) (CCC) (2018 Edition)


Book Description

Marketing Assistance Loans, Loan Deficiency Payments, and Sugar Loans (US Commodity Credit Corporation Regulation) (CCC) (2018 Edition) The Law Library presents the complete text of the Marketing Assistance Loans, Loan Deficiency Payments, and Sugar Loans (US Commodity Credit Corporation Regulation) (CCC) (2018 Edition). Updated as of May 29, 2018 The Farm Service Agency (FSA) is revising regulations on behalf of the Commodity Credit Corporation (CCC) as required by the Agricultural Act of 2014 (2014 Farm Bill) to update the Marketing Assistance Loan (MAL) and Loan Deficiency Payments (LDP) Programs for wheat, feed grains, soybeans, oilseeds, peanuts, pulse crops, cotton, honey, wool and mohair. In general, the 2014 Farm Bill extends the existing programs with the minor changes that are implemented in this rule, including a revised formula for upland cotton loan rates. This rule also amends the regulations for the Economic Adjustment Assistance for Users of Upland Cotton Program, the Extra Long Staple (ELS) Cotton Competitiveness Payment Program, and the Sugar Program to reflect that the programs were extended by the 2014 Farm Bill. Most of the provisions in this rule have already been implemented, beginning with the 2014 crop year. This book contains: - The complete text of the Marketing Assistance Loans, Loan Deficiency Payments, and Sugar Loans (US Commodity Credit Corporation Regulation) (CCC) (2018 Edition) - A table of contents with the page number of each section




Marketing Assistance Loans, Loan Deficiency Payments, and Sugar Loans (Us Farm Service Agency Regulation) (Fsa) (2018 Edition)


Book Description

Marketing Assistance Loans, Loan Deficiency Payments, and Sugar Loans (US Farm Service Agency Regulation) (FSA) (2018 Edition) The Law Library presents the complete text of the Marketing Assistance Loans, Loan Deficiency Payments, and Sugar Loans (US Farm Service Agency Regulation) (FSA) (2018 Edition). Updated as of May 29, 2018 The Farm Service Agency (FSA) is revising regulations on behalf of the Commodity Credit Corporation (CCC) as required by the Agricultural Act of 2014 (2014 Farm Bill) to update the Marketing Assistance Loan (MAL) and Loan Deficiency Payments (LDP) Programs for wheat, feed grains, soybeans, oilseeds, peanuts, pulse crops, cotton, honey, wool and mohair. In general, the 2014 Farm Bill extends the existing programs with the minor changes that are implemented in this rule, including a revised formula for upland cotton loan rates. This rule also amends the regulations for the Economic Adjustment Assistance for Users of Upland Cotton Program, the Extra Long Staple (ELS) Cotton Competitiveness Payment Program, and the Sugar Program to reflect that the programs were extended by the 2014 Farm Bill. Most of the provisions in this rule have already been implemented, beginning with the 2014 crop year. This book contains: - The complete text of the Marketing Assistance Loans, Loan Deficiency Payments, and Sugar Loans (US Farm Service Agency Regulation) (FSA) (2018 Edition) - A table of contents with the page number of each section




Agricultural Marketing Assistance Loans and Loan Deficiency Payments


Book Description

Marketing assistance loans for the major crops were designed to facilitate orderly marketing by providing short-term financing so that farmers could pay their bills right after harvest and spread their sales over the entire marketing year. However, the persistence of very low commodity prices transformed the loan program into a major vehicle of farm income support. Marketing loan program benefits (primarily loan deficiency payments, LDPs) to farmers amounted to about $5.9 billion in 1999, and will exceed $6.5 billion in 2000. Such levels of use and high costs have revealed several administrative problems and given rise to several policy issues. Some policy makers have favored broadening the scope and enhancing the benefits of the program to achieve greater farm income support. Anticipated adverse market impacts have discouraged adoption of these proposals to date. A persistent policy issue is the payment limitation on marketing loan gains.