FSA provides easy updates on farm programs – Osage County Online | Osage County News

FSA provides easy updates on farm programs

Get monthly updates by email

Do you or your landowner have an email address or a new cell phone number? With the change of technology, the Farm Service Agency now provides a monthly e-newsletter. Signup is simple by providing the Osage County FSA office with an email address. Producers are able to keep current with program updates and deadlines by receiving monthly newsletters.

Marketing Assistance Loans

March 31 is the deadline for producers to request Marketing Assistance Loans (MALs) on small grains. This includes wheat, barley, and oats.

MALs are marketing tools available to producers, beginning upon harvest or shearing. The MAL provides an influx of cash when market prices are typically at harvest-time lows, which allows the producer to delay the sale of the commodity until more favorable market conditions emerge. Allowing producers to store production at harvest or shearing provides for a more orderly marketing of commodities throughout the year.

MALs for commodities are considered nonrecourse when the MAL can either be redeemed by repayment or by delivering the pledged collateral to the Commodity Credit Corporation as full payment for the MAL at maturity. MAL repayment provisions specify, under certain circumstances, that producers may repay at less than the loan rate (principal) plus accrued interest and other charges.

For more information on FSA programs, contact Osage County FSA at 115 W. 17th St., Lyndon, call 785-828-4631, or email [email protected].

Submitted by Osage County FSA Executive Director Rachel Roberts

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