Contact:
FPAC.BC.Press@usda.gov
WASHINGTON, March 31, 2023 – The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation (CCC) today 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 and below:
| 2023 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" |
| |
| 2022 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" |
| 2023 Rough Rice Loan Rates by State and Class | ||
| State | Long Grain Rice | Medium/Short Grain Rice |
| ----------------------- $/cwt. --------------------- | ||
| Arkansas | $6.99 | $6.80 |
| California | $7.16 | $7.06 |
| Louisiana | $6.84 | $7.00 |
| Mississippi | $7.12 | $7.00 |
| Missouri | $7.17 | $7.00 |
| Texas | $7.26 | $7.00 |
| U.S. Average | $7.00 | $7.00 |
| ||
| 2023 Pulse Crop Loan Rates by Region | |||
| Crop | East Region | West Region | National |
| ----------------------- $/cwt. --------------------- | |||
| Dry Peas | $6.16 | $6.06 | $6.15 |
| Lentils | $12.84 | $14.30 | $13.00 |
| Large Chickpeas | $14.00 | $14.00 | $14.00 |
| Small Chickpeas | $10.00 | $10.00 | $10.00 |
| |||
More Information
The CCC’s domestic agricultural price and income support programs are carried out primarily through the personnel and facilities of FSA.
For more information about the CCC, visit usda.gov/ccc. Producers interested in Marketing Assistance Loans should contact the FSA county office at their local USDA Service Center.
USDA touches the lives of all Americans each day in many positive ways. Under the Biden-Harris administration, USDA is transforming America’s food system with a greater focus on more resilient local and regional food production, fairer markets for all producers, ensuring access to safe, healthy and nutritious food in all communities, building new markets and streams of income for farmers and producers using climate smart food and forestry practices, making historic investments in infrastructure and clean energy capabilities in rural America, and committing to equity across the Department by removing systemic barriers and building a workforce more representative of America. To learn more, visit usda.gov.
Farm Service Agency:
1400 Independence Ave.
SW Washington, DC 20250
Contact:
FPAC Press Desk
FPAC.BC.Press@usda.gov