Marketing Assistance Loans (MAL) Available
The 2014 Farm Bill authorized MALs. This loan will provide financing and market assistance for corn and soya harvested in 2016.
To be eligible for MAL, producers must have beneficial interest in the commodity. A producer retains beneficial interest when control of the commodity is maintained. Producers need to file form CCC-633EZ in the county before the application can be accepted.
Loan rates for Palo Alto County are $1.86 for corn and $4.95 for soya. December interest rate is 1.75%. We will accept application for January disbursement the last week of December. January interest will be determined on January 2, 2017.
If you have any questions, or would like an appointment to complete this paperwork, please contact the Palo Alto County FSA Office at 712 852 3386.