USDA Announces 2011 Rice Loans Rates by Class

The USDA Commodity Credit Corporation released the 2011 rice loan rates today for classes of farm-stored rice. The national average rough rice loan rate is used to determine farm-stored loan proceeds in other rice-producing states. The national loan rates for both long-grain and medium/short-grain rough rice are specified at $6.50 per hundredweight (cwt) for the 2008 through 2012 crops in the Food, Conservation, and Energy Act of 2008. Loan rates by state are determined by the national milled loan rate factors and the state average milling yields. Read more.