Loan Deficiency Payments (LDP)
- Listed: December 1, 2018 6:12 pm
- Expires: 997787 days, 9 hours
Description
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Program Description
A producer who is eligible to obtain a loan, but who agrees to forgo the loan, may obtain an LDP. The LDP rate equals the amount by which the applicable loan rate where the commodity is stored exceeds the alternative loan repayment rate for the respective commodity. The LDP equals the LDP rate times the quantity of the commodity for which the LDP is requested at USDA/FSA.
Program Requirements
Visit the local USDA/FSA to find a local office. It is best to contact the local office first to ensure necessary paperwork is brought to the office.
Application Process
Visit the local USDA/FSA to find a local office. It is best to contact the local office first to ensure necessary paperwork is brought to the office.
Contact Information
Kelly Dawson – Cotton
Program Manager
kelly.hereth@wdc.usda.gov
202-720-0448
Kathy Sayers – Peanuts
Program Manager
kathy.sayers@wdc.usda.gov
979-680-5155
DeAnn Allen – all other eligible commodities
Program Manager
deann.allen@wdc.usda.gov
202-720-9889
Additional Information
| Catalog of Federal Domestic Assistance (CFDA) Number | 10.051 |
|---|---|
| Current Method of Tribal Eligibility | Program not specific to American Indians and Alaska Natives, but they are eligible |
| Funding Type | Mandatory |
| Matching Funds Required | No |
| Number of People Served by this Program (Approximate) | CCC issued over 54,000 LDPs in FY 2015 (crop price dependent) |
| Length of Program | For most commodities, available after harvest until into the next calendar year. |
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- Listed by: user2
- Member Since: March 22, 2018
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