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UNITED STATES DEPARTMENT OF AGRICULTURE Farm Service Agency Washington, DC 20250 Price Support Commodity Loan Processing System Automation for 2015 and Subsequent Years 16PS (Revision 1)Amendment
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How to fill out price support commodity loan

01
Step 1: Gather all the required documents such as proof of ownership, production evidence, and financial statements.
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Step 2: Visit the nearest USDA office or the official website to access the price support commodity loan application form.
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Step 3: Fill out the application form with accurate and complete information.
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Step 4: Attach all the required documents to the application form.
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Step 5: Submit the completed application form along with the supporting documents to the USDA office.
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Step 6: Wait for the USDA to review your application and process the loan request.
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Step 7: If approved, sign the loan agreement and fulfill any additional requirements specified by the USDA.
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Step 8: Receive the loan amount and use it for the intended purpose.
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Step 9: Make timely repayments as per the loan agreement.
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Step 10: Seek assistance from the USDA if you have any questions or concerns during the loan repayment period.

Who needs price support commodity loan?

01
Farmers and agricultural producers who require financial assistance to support the price of their commodities
02
Individuals or entities involved in the production, marketing, or handling of agricultural products
03
Those who experience price fluctuations or market uncertainties that affect the profitability of their commodities
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Producers of eligible commodities as determined by the USDA
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Price support commodity loan is a financial assistance program provided by the government to help farmers stabilize their income by offering loans secured by the value of their agricultural commodities. This program allows producers to obtain loans based on the market price of their crops.
Producers of eligible agricultural commodities who wish to participate in the price support program are required to file a price support commodity loan.
To fill out a price support commodity loan, producers must complete a loan application form provided by their local Farm Service Agency office. The application includes details about the commodity, loan amount requested, and compliance with program requirements.
The purpose of the price support commodity loan is to provide financial liquidity to farmers, enabling them to hold their commodities off the market until prices improve while ensuring they have access to necessary operating funds.
Producers must report information such as the type and amount of commodity secured for the loan, production history, compliance with program regulations, and any other relevant financial documentation required by the lending agency.
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