The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation today announced the 2017 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), loan rates by region for pulses (dry peas, lentils, small chickpeas and large chickpeas), and loan rates by 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.
|
2017
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 2017
barley, canola, crambe, flaxseed, oats, rapeseed, sesame seed, and wheat crops
are available through March 31, 2018, and for the 2017 corn, grain sorghum,
mustard seed, safflower, soybean and sunflower seed crops through May 31, 2018.
|
2017
Rough Rice Loan Rates by State and Class
|
|
State
|
Long Grain Rice
|
Medium Grain Rice
|
|
$ per cwt.
|
|
Arkansas
|
6.46
|
6.23
|
|
California
|
6.42
|
6.58
|
|
Louisiana
|
6.51
|
6.36
|
|
Mississippi
|
6.58
|
6.50
|
|
Missouri
|
6.43
|
6.50
|
|
Texas
|
6.79
|
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 2017 rice crop are available through May 31, 2018. The loan rate
for long grain whole kernels is $10.01 per cwt.; for medium grain (including
short grain), $9.48 per cwt.; and for broken kernels (all classes), $6.96 per
cwt.
|
2017
Regional Pulse Crop Loan Rates
|
|
Crop
|
East Region Loan Rate
|
West Region Loan Rate
|
National Loan Rate
|
|
$/cwt.
|
|
Dry Peas
|
5.31
|
5.87
|
5.40
|
|
Lentils
|
11.09
|
12.24
|
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 2017 pulse crops are available
through May 31, 2018.
For more information, visit www.usda.gov/farmbill. To learn more about
FSA, visit www.fsa.usda.gov.
