Home > Term: loan rate
loan rate
The price per unit (bushel, bale, pound, or hundredweight, depending on the commodity) at which the government will provide nonrecourse or recourse loans to farmers (or associations acting on their behalf). This short term financing at below market interest rates enables farmers to hold their commodities for later sale.
- Part of Speech: noun
- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
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