Farm Talk

February 21, 2013

USDA announces 2013 loan rates


CNHI

Parsons, Kansas — The Commodity Credit Corporation (CCC) recently announced county loan rates for the 2013 crops of wheat, corn, grain sorghum, barley, oats, soybeans and other oilseeds (sunflower seed, flaxseed, canola, rapeseed, safflower, mustard seed, crambe and sesame seed); national milled loan rates and state loan rates by class for the 2013 rice crop; regional loan rates for 2013 pulse crops (small chickpeas, large chickpeas, dry peas and lentils); and the national loan rate for the 2013 honey crop. The rates are posted on the Farm Service Agency (FSA) website at www.fsa.usda.gov/price support.

The American Taxpayer Relief Act of 2012 provides for a continuation of the marketing assistance loan and loan deficiency payment programs for the 2013 crop year. The national loan rates for the 2013 crops of wheat, feed grains, oilseeds, milled rice, pulse crops, and honey are established at the levels shown in the chart.

For more information about USDA FSA programs and commodity loan rates, visit an FSA county office or the FSA website at www. fsa.usda.gov/. £

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"

Small Chickpeas    $7.43 per hundredweight

Large Chickpeas    $11.28 per hundredweight

Dry Peas    $5.40 per hundredweight

Lentils    $11.28 per hundredweight

Long grain rice, whole kernel    $6.50 per hundredweight

Medium/short grain rice,    $6.50 per hundredweight

whole kernel

Honey    $0.69 per pound