Sugar Loan Rates Announced

The USDA Commodity Credit Corporation announced loan rates for the 2009 crop sugar as stated under the 2008 Farm Bill.
The average loan rates are 18.25 cents per pound for raw cane sugar and 23.45 cents per pound for beet sugar. The CCC adjusts national loan rates for use in each region in effort to reflect freight differentials.
The Sugar Loan Programs provides non-recourse loans to domestic grown sugarcane and sugar beet producers.
Loans are available every fiscal year after October 1 and mature at the end of a nine month period.
For more information contact your local Parish Farm Service Agency office.
Farm loan rates starting at 2.99%. Lock in before farm loan rates rise. Contact Farm Plus by clicking here or calling toll free 866-929-5585.