- Listed: December 1, 2018 6:12 pm
- Expires: 998946 days, 4 hours
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.
|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|
|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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