Marketing assistance loans are nonrecourse loans made available to producers of

loan commodities Under the 2002 farm bill (P.L. 101-171, Sec. 1201-1205), the following commodities are eligible for marketing assistance loans and are called loan commodities: wheat, corn, grain sorghum, barley oats, upland cotton, extra long staple (ELS) cotton, ...

(wheat, corn, grain sorghum, barley oats, upland and extra-long staple (ELS) cotton, rice, soybeans, other oilseeds, honey, wool, mohair, dry peas, lentils, and small chickpeas) under the

2002 farm bill The Farm Security and Rural Investment Act of 2002, also known as the 2002 Farm Bill, includes ten titles, addressing a great variety of issues related to agriculture, ecology, energy, trade, and nutrition. This act has been superseded by the 2007 ...

(P.L. 101-171, Sec. 1201-1205). The new law largely continued the commodity loan programs as they were under previous law. Loan rate caps are specified in the law. Marketing loan repayment provisions apply when market prices drop below the loan rates. For farmers who forgo the use of marketing assistance loans,

loan deficiency payment In United States agriculture policy, loan deficiency payments (LDP) are a farm income support program first authorized by the Food Security Act of 1985 (P.L. 99-198) that makes direct payments, equivalent to marketing loan gains, to producers who ag ...

(LDP) rules apply (but not for ELS cotton).

References Reference is a relationship between objects in which one object designates, or acts as a means by which to connect to or link to, another object. The first object in this relation is said to ''refer to'' the second object. It is called a ''name'' ...

* {{DEFAULTSORT:Marketing Assistance Loans United States Department of Agriculture Agricultural subsidies Loans Agricultural marketing in the United States