Farm Service Agency Farm Programs Price Support Division

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Farm Service AgencyFarm Programs Price Support
Division

• LSA Training

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Opening Remarks

• Introductions
• Review agenda
• Purpose of meeting
• Administrative items
• Safety
• Building layout
• Breaks

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Loan Servicing Agents

• Authorized to make cotton MALs, LDPs to
  producers who retain BI
• Currently 8 LSAs approved of which 1 suspended
• Generally subsidiaries of cotton coop, merchant
  or gin companies
• Provide your own software but use ACRS
• Provide financial security equal to 10/bale

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CMA, LSA DMA Members or Producers 275,000
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4
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14
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44
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2006 Price Support Crop Year 11.7 Billion
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Farm Service Agency
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Pop Quiz
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How many LSAs are approved?
11
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