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Overview The Farm Security and Rural Investment Act of 2002 (the Act) provides 2002-2007 crop year marketing assistance loans and loan deficiency payments (LDPs) for wool and mohair to eligible producers who produce and shear wool and mohair from live sheep and goats. The LDP program is also available to eligible producers of nongraded wool in the form of unshorn pelts for the 2002-2007 crop years.
The wool and mohair nonrecourse marketing assistance loan and LDP program provides eligible producers with two forms of Federal assistance. Eligible producers can either:
- 1. request a nine-month marketing assistance loan; or
- 2. agree to forgo the loan and request an LDP.
The program helps stabilize America's wool and mohair industry and ensures the well-being of agriculture in the United States. Nonrecourse marketing assistance loans are administered by USDA's Farm Service Agency (FSA) on behalf of the Commodity Credit Corporation (CCC).
The Fact Sheet provides details on the following:
- Wool and Mohair Nonrecourse Marketing Assistance Loans
- Final Loan Availability Date
- Repayment Rates and Posted Prices
Loan and LDP Rates
The following are the national loan rates for the 2002-2007 crop years for wool and mohair (grease basis):
Commodity | Loan Rate |
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Graded Wool | $1.00 per pound |
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Ungraded Wool | $0.40 per pound |
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Mohair | $4.20 per pound |
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All counties in the states listed in the following table shall use loan rates applicable to Region 1 for graded and nongraded wool.
STATES |
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Alabama | Georgia | Maine | Missouri | Ohio |
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Arkansas | Illinois | Maryland | New Hampshire | Pennsylvania |
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Connecticut | Indiana | Massachusetts | New Jersey | Rhode Island |
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Delaware | Kentucky | Michigan | New York | South Carolina |
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Florida | Louisiana | Mississippi | North Carolina | Tennessee |
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West Virginia | Vermont | Virginia |
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States and applicable counties listed in the following table shall use loan rates applicable to Region 2 for graded and nongraded wool.
STATE | COUNTIES |
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Arizona | Apache, Cochise, Gila, Graham, Greenlee, Navajo |
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Colorado | All |
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Iowa | All |
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Kansas | All |
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Montana | Big Horn, Carbon, Carter, Custer, Daniels, Dawson, Fallon, Fergus, Gallatin, Garfield, Golden Valley, McCone, Musselshell, Park, Petroleum, Phillips, Powder River, Prairie, Richland, Roosevelt, Rosebud, Sheridan, Stillwater, Sweet Grass, Treasure, Valley, Wheatland, Wibaux, Yellowstone |
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Minnesota | All |
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New Mexico |
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All | North Dakota | All |
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Nebraska | All |
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Oklahoma | All |
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South Dakota | All |
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Texas | All |
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Utah | Daggett, Duchesne, Grand, San Juan, Summit, Uintah |
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Wisconsin | All |
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Wyoming | All |
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States and applicable counties listed in the following table shall use loan rates applicable to Region 3 for graded and nongraded wool.
State | COUNTIES |
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Arizona | Coconino, LaPaz, Maricopa, Mohave, Santa Cruz, Pima, Pinal, Yavapai, Yuma |
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California | All |
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Idaho | All |
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Montana | Beaverhead, Blaine, Broadwater, Cascade, Chouteau, Deer Lodge, Flathead, Glacier, Granite, Hill, Jefferson, Judith Basin, Lake, Lewis and Clark, Liberty, Lincoln, Madison, Meagher, Mineral, Missoula, Pondera, Powell, Sanders, Toole, Ravalli, Silver Bow, Teton |
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Nevada | All |
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Oregon | All |
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Utah | Beaver, Box Elder, Cache, Carbon, Davis, Emery, Garfield, Iron, Juab, Kane, Millard, Morgan, Piute, Rich, Salt Lake, Sanpete, Sevier, Tooele, Utah, Wasatch, Washington, Wayne, Weber |
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Washington | All |
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Applicable Forms
When requesting a loan or LDP for wool and mohair or an LDP for unshorn pelts, producers must complete either a:
- CCC-709 for field direct LDP?s;
- CCC-633-LDP for basic LDP?s;
- CCC-709-PELT, for field direct unshorn pelt LDP?s;
- CCC-633-PELT, for basic unshorn pelt LDP?s.
Date Last Modified 10/09/07
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