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LDP payment rates available

August 10, 2004

Payment rates are available for Loan Deficiency Payments (LDP) to producers who have harvested a 2004 crop of barley, oats or grain sorghum.

The producer must have the commodity stored and must retain beneficial interest in the commodity from the time of harvest through the date the LDP is requested.

Producers also must have reported their planted crop acreage to the Farm Service Agency.

Loan Deficiency Payments are available when the county has a payment rate in effect until March 31, 2005, for small grains and May 31, 2005, for other marketing assistance loan commodities. Payment rates change on a daily basis. Producers may call their local FSA office for current payment rates. Loan Deficiency Payment requests must be made in person at the FSA office.

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