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USDA announces loan rates for wheat, feed grains, oilseeds

USDA announces loan rates for wheat, feed grains, oilseeds

As required by the 2008 farm bill, these 2011 national loan rates are established at the same levels as are in effect for the 2010 crop.

The Commodity Credit Corporation (CCC) has announced county loan rates for the 2011 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 at http://www.fsa.usda.gov/pricesupport.

The 2008 Farm Bill authorizes the national loan rates for the 2011 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 2011 national loan rates are established at the same levels as are in effect for the 2010 crop.

For more information about USDA Farm Service Agency programs and commodity loan rates, visit a county office or http://www.fsa.usda.gov/.

TAGS: Corn
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