|
USDA announces loan rates for wheat, feed grains, oilseeds, rice and pulse crops Story Date: 4/9/2018
|
Source: USDA, 3/29/18
The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation today announced the 2018 marketing assistance loan rates by:
County for wheat, corn, grain sorghum, barley, oats, soybeans and each “other oilseed” (canola, crambe, flaxseed, mustard seed, rapeseed, safflower, sesame seed and sunflower seed); Region for pulses (dry peas, lentils, small chickpeas and large chickpeas);
and State for rough rice.
The rates are posted on the Farm Service Agency (FSA)
website at www.fsa.usda.gov/programs-and-services/price-support/commodity-loan-rates/index.
Marketing assistance loans provide interim financing to producers so that
commodities can be stored after harvest when market prices are typically low,
to be sold later when price conditions are more favorable.
2018 Wheat, Feed
Grains and Oilseeds National Loan Rates
|
Wheat
|
$2.94 per bushel
|
Corn
|
$1.95 per bushel
|
Grain Sorghum
|
$1.95 per bushel
|
Barley
|
$1.95 per bushel
|
Oats
|
$1.39 per bushel
|
Soybeans
|
$5.00 per bushel
|
Other Oilseeds
|
$10.09 per hundredweight
(cwt.) for each "other oilseed"
|
Marketing assistance loans for the 2018 barley, canola, crambe, flaxseed, oats,
rapeseed, sesame seed, and wheat crops are available through March 31, 2019,
and for the 2018 corn, grain sorghum, mustard seed, safflower, soybean and
sunflower seed crops through May 31, 2019.
2018 Rough Rice Loan
Rates by State and Class
|
State
|
Long Grain Rice
|
Medium Grain Rice
|
$ per cwt.
|
Arkansas
|
6.48
|
6.31
|
California
|
6.34
|
6.56
|
Louisiana
|
6.47
|
6.52
|
Mississippi
|
6.53
|
6.50
|
Missouri
|
6.48
|
6.50
|
Texas
|
6.70
|
6.50
|
U.S. Average
|
6.50
|
6.50
|
U.S. loan rate applies to all
other states.
Medium grain includes short
grain.
|
For warehouse-stored loans, national loan rates for
whole and broken kernels are used to establish loan proceeds based on the
milling out-turns reported on the warehouse receipt. Marketing assistance loans
for the 2018 rice crop are available through May 31, 2019. The loan rate for
long grain whole kernels is $10.08 per cwt.; for medium grain (including short
grain), $9.67 per cwt.; and for broken kernels (all classes), $6.14 per cwt.
2018 Regional Pulse
Crop Loan Rates
|
Crop
|
East Region
Loan Rate
|
West Region
Loan Rate
|
National
Loan Rate
|
$/cwt.
|
Dry Peas
|
5.35
|
5.74
|
5.40
|
Lentils
|
11.19
|
11.96
|
11.28
|
Large Chickpeas
|
11.28
|
11.28
|
11.28
|
Small Chickpeas
|
7.43
|
7.43
|
7.43
|
The West region includes Alaska, Arizona, California,
Hawaii, Idaho, Nevada, New Mexico, Oregon, Utah and Washington. The East region
includes Montana, North Dakota and other states not included in the West
region. The rate for small and large chickpeas applies to all states and
counties. Marketing assistance loans for the 2018 pulse crops are available
through May 31, 2019.
For more information, visit www.usda.gov/farmbill. To learn more
about FSA, visit www.fsa.usda.gov.
|
|
|
|