Marketing Assistance Loans, Loan Deficiency Payments and Marketing Loan Gains for Minor Oilseed and Pulse Crops
Johnson, James B.
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Marketing assistance loans are available to Montana producers of minor oilseed and pulse crops. The USDA differentiates county-level loan rates from national rates for minor oilseeds and dry peas. County-level lentil and small chickpea loan rates for all pertinent counties throughout the United States are differentiated at the multi-state, regional level from the national loan rates. For each of the pulse crops-- dry peas, lentils, and small chickpeas the county-level loan rates are the same in all Montana counties. Loan deficiency payments are available on all or a portion of harvested production when posted-county prices for a loan commodity are below county-level loan rates. Similarly, marketing loan gains are available when posted-county prices are less than county loan rates at the time marketing assistance loans are settled.
Policy Paper 1: Marketing Assistance Loans, Loan Deficiency Payments and Marketing Loan Gains for Minor Oilseed and Pulse Crops, James B. Johnson, November 2003