On March 9, the U.S. Department of Agriculture’s Commodity Credit Corporation (CCC) announced regional pulse crop loan rates for the 2012 crop. Pulse crops include dry peas, lentils, small chickpeas and large chickpeas. Regional loan rates are established for dry peas, lentils and large chickpeas, but not for small chickpeas. Due to limited market price information from which to establish a 2012 regional loan rate for large chickpeas, the statutory loan rate will again be applicable in all states and counties.
The West region includes Alaska, Arizona, California, Hawaii, Idaho, Nevada, New Mexico, Oregon, Utah and Washington. The East region includes North Dakota and all other states.
Regional dry pea and lentil loan rates reflect market price relationships and average to the national loan rate when weighted by their production. Discounts will apply to feed peas, and grade discounts will apply to pulse crops grading lower than U.S. No. 2. The discounts will be posted to Farm Service Agency’s Price Support web page at: http://www.fsa.usda.gov/Internet/FSA_File/2-lp-grain_r01_a26.pdf.
Reader Comments(1)
MonicaS writes:
The USDA requires that loan recipients participate in the business operations of a farm for three years before applying for a loan to ensure a “reasonable prospect of success” for a farm. Applicants must prove that they were “more than a laborer” at the farms they’ve worked at by showing checks that they signed for the farm, bills addressed to them, or a written statements from the principal farmer describing their role on the farm. Monica from http://paydayloansat.com/
05/17/2012, 4:45 am