U.S Department of Agriculture Farm Service Agency (FSA) Administrator Juan Garcia announces that the processing and disbursement of 2013 crop commodity loans has resumed.
The commodity loan programs provide interim financing to producers for agricultural commodities stored after harvest and then sold throughout the year. Crop year 2013 commodity loan-making was suspended Oct. 1, 2013, to make changes necessary to accommodate the automatic funding reductions known as sequester. Sequestration is mandated by the Budget Control Act of 2011.
During the period that loan-making was suspended, producers were still able to submit loan applications to their county FSA offices, marketing associations and loan servicing agents.
For further information about commodity marketing loans, farmers may contact the county FSA office, 103 Rodgers Park Drive, 234-2646, or go online to www.fsa.usda.gov.