May 31 final date for commodity loans on 2019 crops
May 28, 2020
May 31 is the final date for producers to request a loan or loan deficiency payment (LDP) on 2019 feed grain crops. Because May 31 falls on a non-workday, the deadline is June 1. The feed grain crops eligible for loan include corn, dry peas, grain sorghum, lentils, mustard seed, rice, safflower seed, chickpeas, soybeans and sunflower seed.
Because of the current market prices exceeding the 2019 loan rates at the time of this writing, LDPs on the above-mentioned feed grain crops would not apply. However, marketing assistance loans (MAL) could be obtained provided the producer still has...