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When is the deadline to redeem cotton or claim a Loan Deficiency Payment under the effective rate?

April 26, 2017claim cotton Deadline Deficiency effective loan payment rate redeem

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When is the deadline to redeem cotton or claim a Loan Deficiency Payment under the effective rate?

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Producers should be aware that to redeem loan at current adjusted world price (AWP), repayments, including CCC Form 605 with original signatures, must be filed no later than 3:59 p.m. Eastern Time Thursday. Loan deficiency payment (LDP) application must be submitted and approved by Farm Service Agency (FSA) by 3:59 p.m. eastern time Thursday to obtain LDP rate applicable under current AWP. No loan repayments or LDP applications are processed between 4 and 5 p.m. on Thursday. At 5 p.m. EDT, FSA begins processing loans and LDPs using new AWP.