Marketing Assistance for Grain Crops
The 2014 Farm Bill authorized marketing assistance loans (MALs) and loan deficiency payments (LDPs) for wheat and other grain crops grown in 2014-2018.
MALs provide financing to producers to help meet cash flow needs without having to sell their commodities when market prices are at its lowest. The loans are then paid off at principal plus interest or at posted county prices when it falls below the loan rate.
A producer who is eligible for a MAL but chooses to forgo the loan may obtain an LDP if such payments are available.
To be eligible for these programs, producers must have a beneficial interest in the commodity, and meet other requirements. The producer will retain beneficial interest as long as control of, and title to, the commodity is maintained.
For an LDP, the producer must file a Form CCC-633EZ and retain beneficial interest in the commodity from the time of planting through the date of the filing with the local Farm Service Agency (FSA) County Office.
For more information, producers should contact their local FSA county office or view the LDP Fact Sheet. Producers can view their local LDP and Posted County Price at www.fsa.usda.gov/pricesupport
As always, I encourage my constituents to contact me throughout the year with comments, questions or suggestions by calling my office at (573) 751-5713. To find more information about the bills I sponsor, visit www.senate.mo.gov/brown. Thank you for reading this and for your participation in state government.