Send news tips, story ideas and advertising questions to news@emporianews.com.

Emporia News is best read in LANDSCAPE view on Mobile Devices. Please rotate your phone or tablet.

Current Weather Conditions

 
Seven Day Forecast for Emporia, Virginia
 

Community Calendar Sponsored By...

 

USDA To Offer Certificates for Farm Commodities Pledged to Marketing Loans

The U.S. Department of Agriculture (USDA) announced that producers who have crops pledged as collateral for a marketing assistance loan can now purchase a commodity certificate that may be exchanged for the outstanding loan collateral. The authority is provided by the 2016 Consolidated Appropriations Act, legislation enacted by Congress in December. Commodity certificates are available beginning with the 2015 crop in situations where the applicable marketing assistance loan rate exceeds the exchange rate. Currently, the only eligible commodity is cotton.

USDA’s Farm Service Agency (FSA) routinely provides agricultural producers with marketing assistance loans that provide interim cash flow without having to sell the commodities when market prices are at harvest time lows.  The loans allow the producer to store and delay the sale of the commodity until more favorable market conditions emerge, while also providing for a more orderly marketing of commodities throughout the marketing year.

These loans are considered “nonrecourse” because the loan can be redeemed by delivering the commodity pledged as collateral to the government as full payment for the loan upon maturity. Commodity certificates are available to loan holders having outstanding nonrecourse loans for wheat, upland cotton, rice, feed grains, pulse crops (dry peas, lentils, large and small chickpeas), peanuts, wool, soybeans and designated minor oilseeds.  These certificates can be purchased at the posted county price (or adjusted world price or national posted price) for the quantity of commodity under loan, and must be immediately exchanged for the collateral, satisfying the loan.

Producers may contact their FSA office that maintains their loan or their loan service agent for additional information. Producers who do business with Cooperative Marketing Associations (CMA) or Designated Marketing Associations (DMA) may contact their respective associations for additional information.  To learn more about commodity certificates, visit www.fsa.usda.gov/pricesupportor contact your local FSA office. To find your local FSA office, visit http://offices.usda.gov.

Nike Air Max Plus

Emporia News

Stories on Emporianews.com are be searchable, using the box above. All new stories will be tagged with the date (format YYYY-M-D or 2013-1-1) and the names of persons, places, institutions, etc. mentioned in the article. This database feature will make it easier for those people wishing to find and re-read an article.  For anyone wishing to view previous day's pages, you may click on the "Previous Day's Pages" link in the menu at the top of the page, or search by date (YYYY-M-D format) using the box above.

Comment Policy:  When an article or poll is open for comments feel free to leave one.  Please remember to be respectful when you comment (no foul or hateful language, no racial slurs, etc) and keep our comments safe for work and children. Comments are moderated and comments that contain explicit or hateful words will be deleted.  IP addresses are tracked for comments. 

EmporiaNews.com serves Emporia and Greensville County, Virginia and the surrounding area
and is provided as a community service by the Advertisers and Sponsors.
All material on EmporiaNews.com is copyright 2005-2019
EmporiaNews.com is powered by Drupal and based on the ThemeBrain Sirate Theme.

Submit Your Story!

Emporia News welcomes your submissions!  You may submit articles, announcements, school or sports information or community calendar events via e-mail on news@emporianews.com. 

Contact us at news@emporianews.com
 
EmporiaNews.com is hosted as a community Service by Telpage.  Visit their website at www.telpage.net or call (434)634-5100 (NOTICE: Telpage cannot help you with questions about Emporia New nor does Teplage have any input the content of Emporia News.  Please use the e-mail address above if you have any questions, comments or concerns about the content on Emporia News.)