USDA Sets 2012-13 Loan Rates
WASHINGTON - Mar 9/12 - SNS -- The USDA's Commodity Credit Corporation (CCC) set 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 all other states.
U.S. 2012 Regional Loan Rates for Pulse Crops
(cents per pound)
Crop West East National
Dry Peas 6.05 5.19 5.40
Lentils 13.68 10.55 11.28
Large Chickpeas 11.28 11.28 11.28
Small Chickpeas 7.43 7.43 7.43
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
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