Modern farming practices often require purchasing inputs for next year prior to the sale of the current year’s production. Inventory loan funds are used to pay down or off the current year’s operating loan. A maturity for the inventory loan is established that matches the sale of production inventory. These loans are typically secured by the inventory to be sold. Loan terms match the customer’s sales plan for the production inventory (generally 3 – 6 months)
2023 MPCI Price Elections and Reminders
2023 PRICE ELECTIONS CROP YIELD PROTECTION/ REVENUE PROTECTION CROP APH Barley 5.59 Dry Peas Varies By Type Canola Spring Oleic Canola (Spring Rapeseed) .272 .376 Dry Beans Varies by type Corn (Grain) 5.91 Flax 17.00 Corn (Silage) 44.50 Oats 4.28 Soybeans...
