WASHINGTON, April 6, 2016 - The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation today announced the 2016 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). 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

For Immediate Release
April 6, 2016

U.S. Department of Agriculture, Florida/Virgin Islands Farm Service Agency
PO Box 141030
Gainesville, Florida 32614-1030
http://www.fsa.usda.gov/fl

Contact:

Janet Wright
352-379-4518
janet.wright@fl.usda.gov

WASHINGTON, April 6, 2016 - The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation today announced the 2016 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). 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.
2016 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 2016 barley, canola, crambe, flaxseed, oats, rapeseed, sesame seed and wheat crops are available through March 31, 2017, and for the 2016 corn, grain sorghum, mustard seed, safflower, soybean and sunflower seed crops through May 31, 2017.

Marketing assistance loans were continued by the 2014 Farm Bill, which builds on historic economic gains in rural America over the past six years, achieving meaningful reform. Since enactment, USDA has implemented 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. To learn more about FSA, visit  www.fsa.usda.gov .

USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users).