Farmers who may be considering a Marketing Assistance Loan to assist with farm financing for 2017 should stop into the Cuming County Farm Service Agency (FSA) office as soon as possible to begin the application process.
Cuming County FSA Executive Director Sarah Beck said Marketing Assistance Loans (MALs) provide producers with interim financing after harvest to help them meet cash flow needs without having to sell their commodities when market prices are typically at harvest-time lows.
“With Nebraska’s large corn and soybean harvests this year, we know a great deal of grain went into storage,” Beck said. “Marketing Assistance Loans offer short-term financing at a reasonable interest rate. It can be a useful tool to meet immediate financing needs and income balancing goals.”
MALs are available for feed grains, soybeans and other oilseeds, wheat, pulse crops, wool, honey and other commodities.
For the full story, pick up the November 29 West Point News, or call 372-2461 to subscribe.