Posted 12/11/2018 07:31 (#7163563 - in reply to #7163099) Subject: RE: Farm bill
West of Mpls MN about 50 miles on Hwy 12
The increase in loan rates is long overdue.
The farm bill also includes raising marketing loan rates for most commodity crops as well. Soybeans will see a 24% increase in the marketing loan to $6.20 a bushel. Loan rates for corn and grain sorghum move to $2.20 a bushel, and $3.38 a bushel for wheat.