FSA News Commodity loan disbursements resume
Written by Tunica Times Friday, 15 November 2013 18:03
WASHINGTON — USDA’s Farm Service Agency (FSA) Administrator Juan M. Garcia announced today that the processing and disbursement of 2013 crop commodity loans has resumed.
Crop year 2013 commodity loan-making was suspended Oct. 1, 2013, to make changes necessary to accommodate the automatic funding reductions known as sequester. Sequestration is mandated by the Balanced Budget and Emergency Deficit Control Act of 1985 as amended by the Budget Control Act of 2011.
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