USDA has launched a nationwide Electronic Loan Deficiency Payment (eLDP) service that will now enable producers across the country to request and receive LDP payments online. “The eLDP program allows producers to apply for and receive loan deficiency payments online from remote locations, such as homes or offices,” says Agriculture Secretary Ann M. Veneman.
Farmers participating in the eLDP will no longer have to travel to USDA Service Centers to receive their benefits. Payments are automatically deposited in a producer's bank account, reducing paperwork while speeding up payment processing.
To participate, producers must meet all eligibility requirements for marketing assistance loans and LDPs.
All participating producers must have an e-mail address and set up a customer profile through their local USDA Service Center that validates their farming and crop information.
To register, producers can go to: www.sc.egov.usda.gov and complete form CCC-634-E, “Request for Electronic Loan Deficiency Payment Services” or they can obtain the form at USDA Service Centers.
