USDA accepting MAL and LDP requests

0

WASHINGTON – The U.S. Department of Agriculture’s (USDA) Farm Service Agency has begun 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.
Sugar commodity loans for 2014 crop will be available to sugar processors beginning Oct. 1.
MALs and LDPs provide financing and marketing assistance for wheat, feed grains, soybeans, and other
oilseeds, pulse crops, 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.
Marketing loan provisions and LDPs are not available for sugar.
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, sugar and honey. The 2014 crop loan rates are:
• Wheat, $2.94 per bushel
• Corn, $1.95 per bushel
• Grain Sorghum, $1.95 per bushel
• Barley, $1.95 per bushel
• Oats, $1.39 per bushel
• Soybeans, $5.00 per bushel
• Other Oilseeds, $10.09 per hundredweight for each "other oilseed"
• Small Chickpeas, $7.43 per hundredweight
• Large Chickpeas, $11.28 per hundredweight
• Dry Peas, $5.40 per hundredweight
• Lentils, $11.28 per hundredweight
• Graded Wool, $1.15 per pound
• Nongraded Wool, $0.40 per pound
• Mohair, $4.20 per pound
• Raw Cane Sugar, $0.1875 per pound
• Refined Beet Sugar, $0.2409 per pound
• Honey, $0.69 per pound
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.
Later announcements will include refined beet sugar loan rates by region, raw cane sugar loan rates by
state, and the schedule of premiums, discounts and other related information.
For more information, please visit a nearby USDA Service Center or FSA’s website www.fsa.usda.gov.

No posts to display