How to Get a Commodity Marketing Assistance Loan

What it is

A commodity marketing assistance loan is administered by the United States Department of Agriculture Farm Service Agency, or FSA. It administers commodity loan programs with marketing loan provisions for wheat, rice, corn, grain sorghum, barley, oats, upland cotton, oilseeds, peanuts, mohair, wool, honey, small chickpeas, lentils, and dry peas through the Commodity Credit Corporation, or CCC. This allows producers of designated crops to receive a loan from the government at a commodity-specific loan rate per unit of production by pledging production as loan collateral. After harvest, a farmer may obtain a loan for all or part of the new commodity production.

Commodity loans may be repaid in three ways, including at the loan rate plus interest costs, by forfeiting the pledged crop to the CCC at loan maturity, or at the alternative loan repayment rate. When market prices are below the loan rate, farmers are allowed to repay the commodity loans at a lower loan repayment rate. Repayment rates are based on locally posted county prices.

Who it's for

Sometimes farmers don't have what they need to get by from year to year. Income depends a lot on the weather conditions, water levels, insect populations and many other uncontrollable phenomena. That means that they end up needing a little something extra to help pay the bills. A commodity marketing assistance loan can help make ends meet before harvest.

What you need to do to apply

Commodity certificates can be purchased at the posted country price or at the adjusted world price. The certificates are available for producers to use immediately in acquiring crop collateral pledged to the CCC for a commodity loan. These provisions enable producers who are facing payment limits an opportunity to benefit from the lower loan repayment rates.

Apply for a Commodity Marketing Assistance Loan

Click here to apply for a farm or commercial loan at PlanetLoan:

Loan Search Engine

Popular Credit Cards

Starwood Preferred Guest® Credit Card from American Express

Starwood Preferred Guest® Credit Card from American Express

Apply for Starwood Preferred Guest® Credit Card from American Express

  • Starpoints® Bonus: 10K with your first purchase and another 15K when you spend $5k within 6 months - enough for up to 6 free nights at a Category 1 or 2 hotel
  • Free nights, free flights: Redeem Starpoints with over 350 airlines through SPG Flights and more than 1,000 hotels and resorts worldwide. No blackout dates
  • 2011 SmarterTravel® Award for "Best Travel Rewards Card"
  • $0 introductory annual fee for the first year, then $65
  • Read our review or apply online now at American Express's Web site.
Intro APR Regular APR Credit Needed Annual Fee
No Introductory Rate Available 15.24% - 19.24% variable None $65*

IberiaBank Visa® Classic Card

IberiaBank Visa® Classic Card

Apply for IberiaBank Visa® Classic Card

  • No Annual Membership Fee
  • Low variable rate of 7.25%, 10.25%, or 13.25% (Prime + 4.00%, Prime + 7.00%, or Prime + 10.00%) as of 4/1/10 based on the creditworthiness. This APR will vary with the market based on the Prime Rate. (If there is an interest charge, the charge will be no less than $0.50).
  • Low Introductory APR on balance transfers of 1.99% for your first 6 billing cycles, this rate will not change during the introductory period. Applies to balance transfers processed within three months of your account open date. After that, your APR will be the same as your assigned purchase rate, based on your creditworthiness.
  • Online Access to Credit Card Account Information
  • Apply online now at the card issuer's Web site.
Intro APR Regular APR Credit Needed Annual Fee
1.99% APR for 6 Billing Cycles 7.25%, 10.25%, or 13.25%* None $0

American Express® Gold Card

American Express® Gold Card

Apply for American Express® Gold Card

  • Exclusive access to Gold Card Events - select concerts, shows, major sporting events, and more.
  • Purchase Protection* can protect eligible items for up to 90 days from the date of purchase if stolen or accidentally damaged. *Underwritten by AMEX Assurance Company
  • Redeem Membership Rewards® points for an exclusive array of travel, shopping, dining and entertainment rewards.
  • Introductory annual fee of $0 for the first year, then $125.
  • Get a decision in as little as 60 seconds.
  • Read our review or apply online now at American Express's Web site.
Intro APR Regular APR Credit Needed Annual Fee
No Introductory Rate Available No APR Good $125*

AccountNow® Prepaid Visa®

AccountNow® Prepaid Visa®

Apply for AccountNow® Prepaid Visa®

Intro APR Regular APR Credit Needed Annual Fee
No Introductory Rate Available No APR None $0