Related Words

Nonrecourse Loan: A loan taken by limited partners used to finance their portion of the partnership, which is secured by their ownership in the venture.

Loan Forfeiture: Under commodity program rules, a producer or processor who pledges a stored commodity as collateral to the Commodity Credit Corporation to obtain a nonrecourse loan can settle the repayment . . . View Full Definition

Loan Deficiency Payments: A commodity payment program authorized by the Food Security Act of 1985 that makes direct payments, equivalent to marketing loan gains, to wheat, feed grain, upland cotton, rice, or oilseed . . . View Full Definition

County Loan Rate: Nonrecourse loan rates vary from county to county to account for transportation cost differences to the nearest terminal elevator. The weighted average for all county loan rates - the actual . . . View Full Definition

Loan Forfeiture Level: The lowest market price that a processor must receive before concluding that forfeiting pledged sugar to the Commodity Credit Corporation is more profitable than selling the sugar. In practi . . . View Full Definition

Marketing Assistance Loans: Nonrecourse loans made available to producers of wheat, feed grains, upland and ELS cotton, rice, soybeans, and minor oilseeds under the Agricultural Market Transition Act provisions in the . . . View Full Definition

Recourse Loan Program: Under the FAIR Act of 1996, recourse loans are available to producers of high moisture corn and seed cotton, dairy processors, and sugar processors. The commodity is pledged as security, but . . . View Full Definition

Nonrecourse Loans: Farmers or processors participating in government commodity programs may pledge certain stored commodities as collateral and obtain a loan from the CCC at a commodity-specific, per-unit loan . . . View Full Definition

Commodity Loan Rates: Price per unit (pound, bushel, bale, or hundredweight) at which the CCC provides nonrecourse loans to farmers to enable them to hold program crops for later sale. Commodity loans under the F . . . View Full Definition

Marketing Loan Repayment Provisions: A loan settlement provision, first authorized by the Food Security Act of 1985, that allows producers to repay nonrecourse loans at less than the announced loan rates whenever the world pric . . . View Full Definition