USDA Announces Loan Rates for Wheat, Feed Grains and Oilseeds

WASHINGTON, April 17, 2015 – The U.S. Department of Agriculture’s Commodity Credit Corporation today announced the 2015 marketing assistance loan rates by county for wheat (by class), corn, grain sorghum, barley, oats, soybeans and each “other oilseed” (canola, crambe, flaxseed, mustard seed, rapeseed, safflower, sesame seed and sunflower seed). 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.  

USDA Announces Loan Rates for Wheat, Feed Grains and Oilseeds

Release No. 0049.15

Contact:  Isabel Benemelis
(202) 720-7809

WASHINGTON, April 17, 2015 – The U.S. Department of Agriculture’s Commodity Credit Corporation today announced the 2015 marketing assistance loan rates by county for wheat (by class), corn, grain sorghum, barley, oats, soybeans and each “other oilseed” (canola, crambe, flaxseed, mustard seed, rapeseed, safflower, sesame seed and sunflower seed). 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.   

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.     

2015 Wheat, Feed Grains and Oilseeds National Loan Rates

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 2015 barley, canola, crambe, flaxseed, oats, rapeseed, sesame seed and wheat crops are available through March 31, 2016, and for the 2015 corn, grain sorghum, mustard seed, safflower, soybean and sunflower seed crops through May 31, 2016.     

For more information on discounts and premiums applicable to loan forfeitures, visit www.fsa.usda.gov/Internet/FSA_File/2lpg1-30.pdf , or contact your local FSA office or visit http://offices.usda.gov.

Marketing assistance loans were continued by the 2014 Farm Bill. The Farm Bill builds on historic economic gains in rural America over the past six years, while achieving meaningful reform. Since enactment, the U.S. Department of Agriculture has made significant progress to implement each provision of this critical legislation, including providing disaster relief to farmers and ranchers; strengthening risk management tools; expanding access to rural credit; funding critical research; establishing innovative public-private conservation partnerships; developing new markets for rural-made products; and investing in infrastructure, housing and community facilities to help improve quality of life in rural America. For more information, visit www.usda.gov/farmbill.

USDA is an equal opportunity provider, employer and lender.