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2009 crop year uniform grain and rice storage agreement policy part of amendment

With the publication of the Marketing Assistance Loan and Loan Deficiency Payments final rule on April 6, the regulation governing the MAL and LDP program was amended to incorporate a new policy for commercial storage. This regulatory change eliminated the requirement for public warehouses to execute a Uniform Grain and Rice Storage Agreement (UGRSA).

Commodities covered by a UGRSA are wheat, barley, oats, corn, grain sorghum, soybeans, long and medium grain rice, sunflower seed, rapeseed, canola, safflower, flaxseed, mustard seed, crambe, sesame seed, dry peas, lentils, and small and large chickpeas. Commodities not covered by a UGRSA include peanuts, cotton, and sugar. CCC has separate storage agreements for these commodities. Commodity Credit Corporation (CCC) reserves the right to execute a UGRSA if deemed necessary to protect CCC's interests.

Storage deductions will no longer be applied at loan making.

The following states have an operating warehouse licensing program and warehouse operators will not be required to execute a UGRSA for MAL loan-making purposes, if in compliance with State laws.

--Alabama

--Arkansas

--Colorado

--Georgia

--Idaho

--Illinois

--Indiana

--Iowa

--Kansas

--Kentucky

--Louisiana

--Michigan

--Minnesota

--Mississippi

--Missouri

--Montana

--Nebraska

--North Dakota

--Ohio

--Oklahoma

--South Carolina

--South Dakota

--Tennessee

--Texas

--Washington

--Wisconsin

--Wyoming

For MAL loan making purposes, non federally-licensed warehouse operators in states without an operating warehouse licensing program who are interested in providing storage services for commodities with CCC's interest will be required to execute a UGRSA with CCC.

Additional information about Uniform Grain and Rice Storage Agreements is available at USDA Service Centers or: http://www.fsa.usda.gov/Internet/FSA_Notice/lp_2123.pdf.

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