County loan rates for 2009 crops

The Commodity Credit Corporation (CCC) has announced county loan rates for 2009 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 (FSA) Web site.

The 2008 farm bill authorizes the national loan rates for the 2009 crops of wheat, feed grains and oilseeds at these levels:

• Wheat: $2.75 per bushel

• Corn: $1.95 per bushel

• Grain sorghum: $1.95 per bushel

• Barley: $1.85 per bushel

• Oats: $1.33 per bushel

• Soybeans: $5.00 per bushel

• Other oilseeds: $9.30 per hundredweight for each “other oilseed.”

As required by the 2008 farm bill, these 2009 national loan rates are established at the same levels as those established for the 2008 crop.

Peanut loan rates by type will be announced separately.

Other commodity loan rates announced previously are: cotton loan rate premiums and discounts, pulse regional loan rates, rice loan rates by class, and wool and mohair loan rates.

TAGS: Legislative
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