LDP Deadline Nears

January 12, 2007 - Wool and mohair producers are eligible to apply for nonrecourse marketing assistance loans and loan deficiency payments (LDP) but they must apply by Jan. 31 for their 2006 year crop.

Producers have until Jan. 31 of the year following the year in which the wool or mohair was sheared to apply for a nine-month loan or LDP. This deadline also applies to LDP's for unshorn pelts from unshorn lambs slaughtered in 2006.

Sign-up is also underway for the 2007 calendar year wool, mohair and unshorn pelt production. Using the new CCC-633 EZ form, producers complete the portion of the form which indicates his/her intention to receive an LDP benefit later in the year. It is still important that producers complete this portion of the form before losing beneficial interest in the commodity.

"This is a program that has benefited sheep producers and we will lobby for the inclusion of it in the next Farm Bill," commented Peter Orwick, executive director for the American Sheep Industry Association.

Producers must contact their local Farm Service Administration Service Center to be considered for this program.
Staff contact: Peter Orwick, ext. 33

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