For Farmers Only Market News for May 2011
USDA Sets CCC Interest Rates
WASHINGTON - May 2/11 - SNS -- The USDA's Commodity Credit Corporation (CCC) today announced interest rates for May 2011. The CCC borrowing rate-based charge for May 2011 is 0.250 percent, unchanged from 0.250 in April 2011. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during May 2011 is 1.250 percent, unchanged from 1.250 in April 2011.
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Record Canadian Farm Revenue
OTTAWA - May 25/11 - SNS -- Revenue from the sale of agricultural production jumped 8.8% over last year to hit a record CDN $12.1 billion during the first quarter of 2011, according to Statistics Canada.
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The Cost of Farming in The U.S. Down From Last Year
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Average Prices Received by U.S. Farmers Down On The Year
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