Marketing loan program

Provisions that allow producers to repay nonrecourse commodity loans at less than the announced loan rate whenever the world price or loan repayment rate for the commodity is less than the loan rate. Marketing loan provisions are aimed at reducing government costs of stock accumulation. Marketing loan provisions were originally mandated only for rice and upland cotton. Marketing loan provisions are implemented for feed grains, wheat, rice, upland cotton, all oilseeds, peanuts, small and large chickpeas, lentils, dry beans, wool, mohair, and honey.

Authorization Path: 1.1.1.1.55.0