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40-Cent Wool LDP Currently Available
Tuesday May 18th, 2021 The U.S. Department of Agriculture’s Marketing Assistance Loan and Loan Deficiency Payment programs could provide welcome assistance for wool producers.
Now is a good time for those who haven’t already to sign up with their local Farm Service Agency office for these programs. A grower must maintain “beneficial interest” before selling, however, once a grower signs up and provides evidence or estimate of wool production, the grower may choose a day to sell his or her wool at an advantageous time.
Currently, the ungraded LDP program – which was used by most producers in 2020 – offers a 40-cent LDP (per pound grease). This has been the going rate for most of 2021. This week, graded wools between 23.6 and 25.9 micron are also eligible for a 35-cent (per pound clean) LDP. Current rates are posted on the American Sheep Industry Association website each Tuesday afternoon.
40-Cent Wool LDP Currently Available - AG INFORMATION NETWORK OF THE WEST aginfo.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aginfo.net Daily Mail and Mail on Sunday newspapers.