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Source: USDA, 3/26/20
USDA’s Commodity Credit Corporation today announced the 2020 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, large chickpeas and
small chickpeas); and State for rough rice. 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. 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. The 2018 Farm Bill extended the marketing assistance loan
program, making production for the 2019 through 2023 crops eligible for loan
benefits. National loan rates for 2020-crop wheat, feed grains, and oilseeds
are unchanged from their 2019-crop levels.
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2020 Wheat, Feed Grains and Oilseeds National Loan Rates
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Wheat
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$3.38
per bushel
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Corn
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$2.20
per bushel
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Grain
Sorghum
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$2.20
per bushel
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Barley
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$2.50
per bushel
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Oats
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$2.00
per bushel
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Soybeans
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$6.20
per bushel
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Other
Oilseeds
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$10.09
per hundredweight (cwt.) for each "other oilseed"
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Marketing
assistance loans for the 2020 barley, canola, crambe, flaxseed, oats,
rapeseed, sesame seed, and wheat crops are available through March 31, 2021,
and for the 2020 corn, grain sorghum, mustard seed, safflower, soybean and
sunflower seed crops through May 31, 2021.
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2020 Rough Rice Loan Rates by State and Class
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Long
Grain Rice
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Medium
Grain Rice
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State
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-----------------------
$/cwt. ---------------------
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Arkansas
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6.93
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6.75
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California
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6.92
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7.08
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Louisiana
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6.97
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7.03
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Mississippi
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7.13
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7.00
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Missouri
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7.14
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7.00
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Texas
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7.28
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7.00
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U.S.
Average
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7.00
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7.00
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U.S.
loan rate applies to all other states.
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Medium
grain includes short grain.
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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 2020 rice crop are
available through May 31, 2021. The loan rate for long grain whole kernels is
$11.10 per cwt.; for medium grain (including short grain), $10.45 per cwt.;
and for broken kernels (all classes), $6.45per cwt.
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2020 Regional Pulse Crop Loan Rates
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Crop
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East
Region
Loan Rate
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West
Region
Loan Rate
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National
Loan Rate
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-----------------------
$/cwt. ---------------------
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Dry
Peas
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6.08
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6.71
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6.15
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Lentils
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12.57
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15.34
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13.00
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Large
Chickpeas
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14.00
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14.00
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14.00
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Small
Chickpeas
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10.00
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10.00
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10.00
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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 rates for large
and small chickpeas apply to all states and counties. Marketing assistance
loans for the 2020 pulse crops are available through May 31, 2021.
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