United States Department of Agriculture Announces Loan Rates For Wheat, Feed Grains, Oilseeds, Rice, and Pulse Crops

(The Altus Times) – The U.S. Department of Agriculture’s or USDA Commodity Credit Corporation 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 or FSA website at www.fsa.usda.gov.

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.

Wheat, feed grains and oilseeds national loan rates for 2017

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 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.

Rough rice loan rates by state and class for 2017

State long grain rice and medium grain rice dollar per per hundredweight:

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 per hundredweight; for medium grain (including short grain), $9.48 per per hundredweight; and for broken kernels (all classes), $6.96 per hundredweight.

Regional pulse crop loan rates for 2017

Crop east region loan rate, west region loan rate, and national loan rate dollar per per hundredweight:

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.