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Home Weekly Features Ag Notes Loan rate announced
Loan rate announced
Written by Press Staff Writer   
Wednesday, 02 December 2009 14:58

The U.S. Department of Agriculture’s Farm Service Agency has announced the 2009 Market Assistance Loan Rate for corn and soybeans.

For 2009, the corn loan rate is $1.93 per bushel, while soybeans are $5.12 per bushel. The program provides producers with cash flow while the corn or soybeans are in storage on the farm or at a local elevator. The November 2009 interest rate is 1.375 percent.

Growers interested in obtaining nine-month loan on stored commodities must apply by visiting their local Farm Service Agency office.

Commodities that are harvested and stored on the farm or at an approved elevator are eligible for a loan if the producer maintains beneficial interest in the crop that includes title and control of the commodity. Commodities are not eligible for a farm stored loan if the commodity is stored in a wagon or trailer.
For more information about Market Assistance Loans or other Farm Service Agency programs call the Sandusky County Farm Service Agency at 419-334-6330, ext. 2 or visit www.fsa.usda.gov/pas/.

Candidates announced
Three candidates have filed petitions to run for the Sandusky County Farm Service Agency’s committee seat for Local Administrative Area 3, which includes Townsend, Riley, York and Green Creek townships in Sandusky County.
The term of the newly elected committee member will begin Jan. 1, 2010 and will run for three years. The current committee member from Area 3, LaVerde Kuns, has served the maximum of nine consecutive years and is not eligible to run for the seat.

The three nominees include David A. Perry, of Vickery; J. Bradley Verhoff, of Bellvue and David Warner, of Vickery. Each nominee is a farm operator.
Ballots will be counted Dec. 14 at the FSA office in Fremont.

 

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