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(Created page with "Under commodity program rules, a producer or processor who pledges a stored commodity as collateral to the Commodity Credit Corporation to obtain a nonrecourse loan can s...")
 
 
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Under [[commodity program]] rules, a producer or processor who pledges a stored commodity as collateral to the [[Commodity Credit Corporation]] to obtain a nonrecourse loan can settle the repayment obligation by forfeiting the commodity without any penalty. This happens, by design, if forfeiture is more profitable than selling the commodity in the marketplace. In this way the loan program serves a [[price support]] function.  
 
Under [[commodity program]] rules, a producer or processor who pledges a stored commodity as collateral to the [[Commodity Credit Corporation]] to obtain a nonrecourse loan can settle the repayment obligation by forfeiting the commodity without any penalty. This happens, by design, if forfeiture is more profitable than selling the commodity in the marketplace. In this way the loan program serves a [[price support]] function.  
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[[Category: Agriculture]]
 
[[Category: Agriculture]]

Latest revision as of 13:30, 23 October 2019

Under commodity program rules, a producer or processor who pledges a stored commodity as collateral to the Commodity Credit Corporation to obtain a nonrecourse loan can settle the repayment obligation by forfeiting the commodity without any penalty. This happens, by design, if forfeiture is more profitable than selling the commodity in the marketplace. In this way the loan program serves a price support function.

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