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Advance recourse loans
Price-support loans made early in a crop year to farmers to enable them to hold their crops for later sale, usually within the marketing year. Farmers must repay the recourse loan with interest and reclaim their collateral.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
- Product:
- Acronym-Abbreviation:
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