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TeachMeFinance.com - explain Mohair Recourse Loan Program Mohair Recourse Loan Program The term 'Mohair Recourse Loan Program ' as it applies to the area of agriculture can be defined as ' A program authorized by the emergency provisions of the FY1999 USDA appropriations act (P.L. 105-277, October 21, 1998) that makes interest-free recourse loans of $2.00 per pound on mohair produced prior to October 1, 1998. Final date to obtain a loan is September 30, 1999. The producer-owned mohair used as loan security must be stored in approved bonded warehouses. Loans mature not later than 1 year following disbursement. The program is administered by the Farm Service Agency'. Previous 5 Terms: Modify Or Modification Modularity Module Module Derate Factor Modules Next 5 Terms: Mohr circle Moist (coal) basis Moist Adiabat Moist Adiabatic Lapse Rate Moist-adiabatic About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.