FSA Resumes 2013 Commodity Loan Disbursements

The Farm Service Agency has resumed disbursement of 2013 crop commodity loans. The loan provides interim financing to producers for agricultural commodities stored after harvest and then sold throughout the year.   “We must comply with the laws established by Congress in accordance with sequestration policy,” said FSA Administrator Juan Garcia.  “We regret the delay this has created in USDA issuing marketing assistance loans because we know how critical the loans are to farmers’ cash flows at this time of year.” Producers receiving the loans will have a 5.1 percent reduction to the loan amount upon its disbursement, due to sequestration. Learn more.