USDA Announces 2020 Loan Rates for Wheat, Feed Grains, Oilseeds, Rice and Pulse Crops
WASHINGTON, D.C., March 26, 2020 – USDA’s Commodity Credit Corporation today announced the 2020 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);
- Region for pulses (dry peas, lentils, large chickpeas and small chickpeas); and
- State for rough rice.
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.
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.
The 2018 Farm Bill extended the marketing assistance loan program, making production for the 2019 through 2023 crops eligible for loan benefits. National loan rates for 2020-crop wheat, feed grains, and oilseeds are unchanged from their 2019-crop levels.
|2020 Wheat, Feed Grains and Oilseeds National Loan Rates|
|Wheat||$3.38 per bushel|
|Corn||$2.20 per bushel|
|Grain Sorghum||$2.20 per bushel|
|Barley||$2.50 per bushel|
|Oats||$2.00 per bushel|
|Soybeans||$6.20 per bushel|
|Other Oilseeds||$10.09 per hundredweight (cwt.) for each “other oilseed”|
|Marketing assistance loans for the 2020 barley, canola, crambe, flaxseed, oats, rapeseed, sesame seed, and wheat crops are available through March 31, 2021, and for the 2020 corn, grain sorghum, mustard seed, safflower, soybean and sunflower seed crops through May 31, 2021.|
|2020 Rough Rice Loan Rates by State and Class|
|Long Grain Rice||Medium Grain Rice|
|State||———————– $/cwt. ———————|
|U.S. loan rate applies to all other states.|
|Medium grain includes short grain.|
|For warehouse-stored loans, national loan rates for whole and broken kernels are used to establish loan proceeds based on the milling out-turns reported on the warehouse receipt. Marketing assistance loans for the 2020 rice crop are available through May 31, 2021. The loan rate for long grain whole kernels is $11.10 per cwt.; for medium grain (including short grain), $10.45 per cwt.; and for broken kernels (all classes), $6.45per cwt.|
|2020 Regional Pulse Crop Loan Rates|
|———————– $/cwt. ———————|
|The West region includes Alaska, Arizona, California, Hawaii, Idaho, Nevada, New Mexico, Oregon, Utah and Washington. The East region includes Montana, North Dakota and other states not included in the West region. The rates for large and small chickpeas apply to all states and counties. Marketing assistance loans for the 2020 pulse crops are available through May 31, 2021.|
USDA is an equal opportunity provider, employer and lender.