USDA Announces 2023 Marketing Assistance Loan Rates for Wheat, Feed Grains, Oilseeds, Rice and Pulse Crops
The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation (CCC) recently announced the 2023 Marketing Assistance Loan rates.
Marketing Assistance Loans provide interim financing to producers so that commodities can be stored after harvest when market prices are typically low and sold later when market conditions may be more favorable. The 2018 Farm Bill extended the Marketing Assistance Loan program, making production for the 2019 through 2023 crops eligible for loan benefits.
The 2023 Marketing Assistance Loan rates are available on the Farm Service Agency (FSA) website.
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- National loan rates for 2023 crop year wheat, feed grains and oilseeds are the same as 2022 crop year levels. County loan rates for these commodities are available at the Farm Service Agency (FSA) website.
- Marketing assistance loans for the 2023 barley, canola, crambe, flaxseed, oats, rapeseed, sesame seed, and wheat crops are available through March 31, 2024, and for the 2023 corn, grain sorghum, mustard seed, safflower, soybean and sunflower seed crops through May 31, 2024.
- The loan rate for long grain whole kernels is $11.15 per cwt.; for medium grain (including short grain), $10.44 per cwt.; and for broken kernels (all classes), $6.74 per cwt.
- Marketing assistance loans for the 2023 pulse crops are available through May 31, 2024.
The CCC’s domestic agricultural price and income support programs are carried out primarily through the personnel and facilities of FSA.