| Commodity Loan Program (CLP) |
Advance Payments Program (APP) |
| Operating capital for crop inputs |
Operating capital for crop and livestock (emergency & regular) |
| $750,000 Loan Maximum |
$400,000 Loan Maximum |
| 100% approved limit @ Prime |
First $100,000 - Interest-free / Balance @ Prime |
Financing up to 22 months
(Includes enrollment in storage component)
|
Financing up to 18 months
(Includes enrollment in storage component)
|
Amount borrowed is geared to ‘actual’ cash
costs of operation @ 70/75% of farm gate value |
The loan rate is calculated at approximately 50% of the projected farm gate value |
| Loan calculations are related to Production Insurance Guarantee |
Loan calculations are related to Production Insurance Guarantee or CAIS/AgriStability Reference Margin |
| Farm-feeding component included |
No farm-feeding of crop to livestock |
| Repayment: |
Repayment: |
Sale of crop (no receipts required)
Farm-fed grains/silage (Nov-Feb) |
Sale of crop supported by receipts
Repayment commodity specific |
Can transfer balance to APP storage before February 28, 2010 with $400,000 maximum balance. First $100,000 interest-free / Balance @ Prime
|
Transfer to Advance Payments Storage Program if crop not sold by December 31, 2009.
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