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Montana FSA issues reminders

USDA reminds producers of approaching marketing assistance loan deadlines


From Montana FSA

Producers have until May 31 to apply for crop year 2018 marketing assistance loans for feed grains, upland cotton, soybeans and minor oilseeds.

These marketing assistance loans are considered nonrecourse, meaning they can either be redeemed by repaying the loan or delivering the pledged collateral — i.e., the crop — at loan maturity to the Commodity Credit Corporation as full payment. In circumstances where the county commodity price falls below the county loan rate, producers may repay loans at less than loan rate — principal — plus accrued interest and other cha...

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