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. |