Agricultural News
County Loan Rates Announced by USDA for 2010
Tue, 20 Apr 2010 10:00:54 CDT
The Commodity Credit Corporation (CCC) today announced county loan rates for 2010 crops of wheat, corn, grain sorghum, barley, oats, soybeans and other oilseeds (sunflower seed, flaxseed, canola, rapeseed, safflower, mustard seed, crambe and sesame seed). The rates are posted on the Farm Service Agency website- Click here to jump there.
The 2008 Farm Bill authorizes the national loan rates for the 2010 crops of wheat, feed grains and oilseeds at these levels:
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"
As required by the 2008 Farm Bill, these 2010 national loan rates reflect increases for wheat, barley, oats and each "other oilseed" relative to the corresponding 2009-crop levels. For corn, grain sorghum and soybeans, the 2010 national loan rates are established at the same levels as those authorized for the 2009 crop.
For more information about USDA Farm Service Agency programs and commodity loan rates, visit a county office or use the link to the FSA website at the top of this story.
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