TeachMeFinance.com - explain Commodity loan rates
Commodity loan rates The term 'Commodity loan rates ' as it applies to the area of agriculture can be defined as ' 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 FAIR Act of 1996 are recourse for sugar in years that imports are below 1.5 million short tons, and will become recourse for dairy in 2000'.
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