In times of low income, Commodity Credit Corporation (CCC) Loans are one consideration for farmers. The loans provide interim financing at harvest to meet cash flow needs having to sell commodities. Brian Haugen, North Dakota Farm Service Agency Price Support Program Director, says the Farm Storage Facility Loan Program is one option. “One harvest is complete, farmers should identify the commodity, quantity in storage, and storage location. Also, the commodity needs to be protected from weather and wildlife for the nine-month loan period.” Early harvested commodities can be placed into loan until March 31, 2019, while the deadline for later harvested commodities is May 31, 2019. At loan maturity, ND FSA State Director Brad Thykeson says there are two options. “They can haul it in and the balance gets paid to the farmer, or the loan and interest can be paid off ahead of hauling.”
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