About: Mohair Recourse Loan Program

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The Mohair Recourse Loan Program is a program authorized by the emergency provisions of the (P.L. 105-277) that made interest-free recourse loans of $2.00 per pound on mohair produced prior to October 1, 1998. Final date to obtain a loan was September 30, 1999. The producer-owned mohair used as loan security had to be stored in approved bonded warehouses. Loans matured not later than 1 year following disbursement. Under the 2002 farm bill (P.L. 107-171, Sec. 1201-1205), mohair was designated a “loan commodity” and made eligible for marketing assistance loans and loan deficiency payments (LDPs).

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  • The Mohair Recourse Loan Program is a program authorized by the emergency provisions of the (P.L. 105-277) that made interest-free recourse loans of $2.00 per pound on mohair produced prior to October 1, 1998. Final date to obtain a loan was September 30, 1999. The producer-owned mohair used as loan security had to be stored in approved bonded warehouses. Loans matured not later than 1 year following disbursement. Under the 2002 farm bill (P.L. 107-171, Sec. 1201-1205), mohair was designated a “loan commodity” and made eligible for marketing assistance loans and loan deficiency payments (LDPs). (en)
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  • Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (en)
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  • http://ncseonline.org/nle/crsreports/05jun/97-905.pdf|author= Jasper Womach (en)
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  • The Mohair Recourse Loan Program is a program authorized by the emergency provisions of the (P.L. 105-277) that made interest-free recourse loans of $2.00 per pound on mohair produced prior to October 1, 1998. Final date to obtain a loan was September 30, 1999. The producer-owned mohair used as loan security had to be stored in approved bonded warehouses. Loans matured not later than 1 year following disbursement. Under the 2002 farm bill (P.L. 107-171, Sec. 1201-1205), mohair was designated a “loan commodity” and made eligible for marketing assistance loans and loan deficiency payments (LDPs). (en)
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  • Mohair Recourse Loan Program (en)
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