The U.S Department of Agriculture’s (USDA) Commodity Credit Corporation has announced the 2019 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 national loan rate for soybeans in 2019 is $6.20 per bushel.

The 2018 Farm Bill extended the marketing assistance loan program, making production for the 2019 through 2023 crops eligible for loan benefits. Relative to 2018-crop levels, the 2018 Farm Bill also increased the national loan rates for most of these commodities for each of the 2019-2023 crops.

Marketing assistance loans for the 2019 the barley, canola, crambe, flaxseed, oats, rapeseed, sesame seed, and wheat crops are available through March 31, 2020, and for the 2019 corn, grain sorghum, mustard seed, safflower, soybean and sunflower seed crops through May 31, 2020.