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  1. #1
    Join Date
    Feb 2008
    Location
    Madisonville KY
    Posts
    95

    Default USDA FSA LDP's and other letters

    Hi guys, Does anyone know if the FSA (farm service agency) has any programs on honey? Meaning LDP's, price supports etc?

  2. #2
    Join Date
    Mar 2005
    Location
    SOUTH TEXAS
    Posts
    49

    Default

    LDPS are somthing that normally come when honey prices are extremly low and thats not the case for now.. I may be wrong , does anyone else have a comment

  3. #3
    Join Date
    Jan 2005
    Location
    Clear Lake, WI / Sebring, FL
    Posts
    623

    Default

    The LDP is set ,I think ,at .50 or .60 per lb. .

  4. #4
    Join Date
    Apr 2005
    Location
    College Station, Texas
    Posts
    6,973

    Default

    does ldp mean loan deficiency payment?

    my understanding is there is a honey loan program. I recently read (I think perhaps the most recent abf newsletter) that the loan is now set at $.60 per pound.

    the honey loan program is not a subsidy program but a marketing (limits the amount of honey entering the market at one time) program.

  5. #5
    Join Date
    Jan 2005
    Location
    Clear Lake, WI / Sebring, FL
    Posts
    623

    Default

    LDP loan defeciency payment, if honey sells below the loan amount the USDA will pay the difference.

  6. #6
    Join Date
    Dec 2005
    Location
    Brasher Falls, NY, USA
    Posts
    26,812

    Default

    There is no "support" program, but you can get a low interest loan on extracted honey. The last one I took, last year, was for .60/lb @ 5% (if I recall correctly) payable in 9 months or earlier w/ no penalty. There is a filing fee of, I think, $15.00. For filing a lien against the honey. It comes in handy when there is slow cash flow.
    Mark Berninghausen "That which works, persists."

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