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TeachMeFinance.com - explain Loan rate Loan rate The term 'Loan rate ' as it applies to the area of agriculture can be defined as ' The price per unit (bushel, bale, pound, or hundredweight, depending on the commodity) at which the government will provide nonrecourse or recourse loans to farmers (or associations acting on their behalf). This short term financing at below market interest rates enables farmers to hold their commodities for later sale'. Previous 5 Terms: LOAEL Loam Loan deficiency payments Loan forfeiture Loan forfeiture level, sugar Next 5 Terms: lobar loblolly lobular Local capabilities assessment Local Code(S) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.