Agricultural producers now have more time to repay Marketing Assistance Loans as part of the U.S. Department of Agriculture’s implementation of the Coronavirus Aid, Relief and Economic Security Act of 2020. The loans now mature at 12 months rather than nine, and this flexibility is available for most commodities.

“Spring is the season when most producers have the biggest need for capital, and many may have or are considering putting commodities under loan.

Extending the commodity loan maturity affords farmers more time to market their commodity and repay their loan at a later time,” said U.S. Secretary of Agriculture Sonny Perdue. “We are extremely pleased that USDA can offer these marketing flexibilities at this critical time for the agriculture industry and the nation.”

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