As part of the U.S. Department of Agriculture’s (USDA’s) implementation of the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020, Marketing Assistance Loans (MAL) now mature at 12 months rather than nine. According to a story from Tyron Spearman, this flexibility is available for most commodities. According to USDA, producers of eligible commodities now have up to 12 …
Loan Maturity for Marketing Assistance Loans Now Extended to 12 Months
Provides Producers with Marketing Flexibilities Amid COVID-19 Uncertainties (USDA) — Agricultural producers now have more time to repay Marketing Assistance Loans (MAL) as part of the U.S. Department of Agriculture’s implementation of the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020. The loans now mature at 12 months rather than nine, and this flexibility is available for most …
Marketing Assistance Loan Deadlines Approaching
May 31 Deadline for Feed Grains, Upland Cotton, Soybeans and Minor Oilseeds U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Administrator Richard Fordyce reminds producers of the May 31 deadline to apply for crop year 2018 marketing assistance loans for feed grains, upland cotton, soybeans and minor oilseeds. “These commodity loans provide short-term financing, allowing producers to meet interim …