A direct payment when the market price drops below the loan rate. You get the difference without actually taking out a loan.
Difference between loan rate and posted county price × your eligible bushels
Where: Your local FSA office
Complexity: Low
Required Forms:
Must request before selling or losing beneficial interest in the crop
Pays the difference when market prices fall below loan rates. Check with FSA before selling your crop — if LDP is available, you want to lock it in first.
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Source: https://www.fsa.usda.gov/resources/programs/price-support/marketing-assistance-l...
Program information sourced from USDA. Eligibility described here is general guidance only. Confirm details at your local FSA or NRCS office. FarmGrant is not affiliated with USDA.