NEMO | ecmofarm - 12/3/2025 16:23
Been taking loan all my farming career and have never had to have them sign off on anything when I sell. Always have enough paid off ahead of time to sell and check comes to me with nothing for them to sign. You can pay off any amount at any time.As long as I still have enough bushels in bins to cover what is still under loan there is no problem.I have discussed it at times with them and they agree that I can sell without putting them on the check and none of the elevators have ever mentioned it or asked if I have a loan on the grain.. Real simple and easy,just amazes me how clueless most farmers are in regards to the CCC loan on grain when it really is so simple and a good source of working capital until grain is sold. Much cheaper than a line of credit at the bank.
That sounds great until you have the lady that writes the checks at the coop elevator that wants to be a major pita to you and the county FSA.
Didn't even have a current CCC loan (and never had one for wheat) but she saw that I had one in the past and would not cut checks. This went on for over a year (2 different wheat harvests). FSA sent whatever she needed but it didn't matter.
It was enough of a hassle to never want to take a CCC loan again.
Edited by cows-n-crops 12/4/2025 09:53
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CCC Commodity Loan
