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USDA/FSA | RIN: 0560-AI47 | Publication ID: Spring 2020 |
Title: Marketing Assistance Loans (MAL) and Loan Deficiency Payments (LDP) | |
Abstract:
The rule will change the regulations to be consistent with provisions of the Agriculture Improvement Act of 2018 (the 2018 Farm Bill). Marketing Assistance Loans (MALs) and Loan Deficiency Payments (LDPs) will be available for crop years 2019 to 2023. Market loan gains from cash redemptions and LDPs will not be subject to a payment limit. The loan rates will be revised for all commodities except oilseeds, wool, mohair, honey, and peanuts. The calculation change for the upland cotton loan rate may not equal less than 98 percent of the loan rate for base quality of upland cotton from the preceding year. |
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Agency: Department of Agriculture(USDA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Not subject to, not significant | |
CFR Citation: 7 CFR 1405 7 CFR 1435 | |
Legal Authority: Pub. L. 115-334 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Deirdre Holder Branch Chief, Regulatory Analysis and PRA Requirements Branch Department of Agriculture Farm Production and Conservation Business Center, 1400 Independence Avenue SW, Washington, DC 20250-0572 Phone:202 205-5851 Email: deirdre.holder@usda.gov |