Producers must submit page 2 of the CCC-633EZ form to the local FSA office to request Loan Deficiency Payments (LDP) benefits. To be considered eligible for an LDP, producers must retain beneficial interest in the commodity from the time of planting through the date the producer filed form CCC-633EZ, Page 1 at the local FSA office. If form CCC-633EZ is filed before loss of beneficial interest, the producer may obtain the LDP rate in effect on the date beneficial interest is lost. A producer retains beneficial interest when control of and title to the commodity is maintained.
Before LDP disbursements can be made, producers must meet the requirements of actively engaged in farming, cash rent tenant and member contribution.
A producer who is eligible to obtain a Marketing Assistance loan, but agrees to forgo the loan, may obtain an LDP if such a payment is available.
Daily status of LDP payment rates in Montana can be found by clicking the following link: http://www.fsa.usda.gov/FSA/ldppcpStateInfo?mystate=mt&area=home&subject=dalp&topic=landing
The 2014 Farm Bill authorized 2014-2018 crop year Marketing Assistance Loans (MALs) and Loan Deficiency Payments (LDPs).
For more information, producers should contact their local FSA county office or view the LDP Fact Sheet at http://www.fsa.usda.gov/news-room/fact-sheets/index.