The Agricultural Act of 2018 (2018 U.S. Farm Bill) extended the nonrecourse marketing assistance loan (MAL) and loan deficiency payment (LDP) feature for the 2019 through 2023 crop years for upland cotton. This publication provides examples and a decision tree for choosing between the marketing assistance loan and loan deficiency payment program for cotton.
Status and Revision History
Published on Nov 06, 2020
Faculty
Yangxuan Liu
Assistant Professor,
Agricultural & Applied Economics