Wool LDP Available to Producers
September 7, 2022
The U.S. Department of Agriculture’s Marketing Assistance Loan and Loan Deficiency Payment programs could provide welcome assistance for wool producers.
Currently, the ungraded LDP program offers a 40-cent LDP (per pound grease). This has been the going rate for the past two years for ungraded wools, as graded wools have varied from week to week per grade. This week, there is a higher LDP payment – $1.22 per pound clean – for graded wools between 23.6 and 25.9 micron. There’s also a 9-cent (per pound clean) LDP available for wools between 20.6 and 22 micron.
Current rates are posted on the American Sheep Industry Association website each Tuesday afternoon. Producers with questions about the Wool LDP Program can contact their local Farm Service Agency office.
Click Here for more details and current rates.
Source: American Sheep Industry Association