News

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.

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