NGFA PUBLISHES NEW "GOVERNMENT AND GRAIN" PRIMER

Available at no cost to OABA members

The National Grain & Feed Association (NGFA) has published a brand new four-page Government and Grain primer for country elevators and grain merchants on how Loan Deficiency Payments (LDPs) work and how to help their farmer-customers retain beneficial interest in their fall-harvested crops to remain eligible for LDPs. It includes an exclusive series of questions-and-answers with USDA that highlights how beneficial interest can be "lost" by the producer under certain types of cash grain contracts. And it contains the standard boilerplate language that USDA requires be included in contracts that give grain buyers the "option to purchase" commodities while still enabling the producer to retain beneficial interest.

The publication is available free to OABA members. To request a copy, contact Todd Kemp at (202) 289-0873 or tkemp@ngfa.org.