Business / Agriculture / Honey Recourse Loan Program: A program authorized by the emergency provisions of the FY1999 USDA appropriations act (P.L. 105-277, October 21, 1998) that makes recourse loans based on a national average rate of $0.56 per pound on 1998-crop honey. Final date to obtain a loan was May 7, 1999. The producer-owned honey must be merchantable and stored in acceptable containers. Loans carry an administrative fee of $0.009 per pound, bear an interest rate 1% higher than the CCC borrowing interest rate, and mature not later than 9 months following disbursement. The program is administered by the Farm Service Agency.
Program Verb Synonyms: performance, production, show, presentation, (radio or television) play, telecast, broadcast, recital, concert
Program Noun Synonyms: schedule, plan, scheme, agenda, order of the day, routine, protocol, slate, list, listing, description, outline, abstract, , calendar, menu, bill of fare, curriculum, syllabus, synopsis, summary, prospectus
Recourse Verb Synonyms: resort, access, entr‚e, admittance, availability
Business / Agriculture / Recourse Loan Program: Under the FAIR Act of 1996, recourse loans are available to producers of high moisture corn and seed cotton, dairy processors, and sugar processors. The commodity is pledged as security, but in contra MORE
Business / Agriculture / Honey Program: Non-recourse marketing loans had long been available to support honey prices until FY1994, when the funding was suspended by provisions in annual appropriations legislation. The FACT Act of 1990 had s MORE