Spanier Welding



National & World Ag News Headlines
Wheat, Feed Grain, Oilseed, Rice, Pulse Loan Rates Set
USAgNet - 03/27/2020

USDA's Commodity Credit Corporation Thursday 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.

Producers can view the specific rates for each at https://bit.ly/39t6TBT.

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.

Send this article to a friend


Other National Headlines
Sturdy-Built Mfg.
Riverside Plastic Inc./RSI Calf Hutches
Copyright © 2020 - Farms.com. All Rights Reserved.