On Thursday Secretary of Agriculture Ed Schafer announced the first actions in implementing the new Farm Bill by releasing the marketing assistance loan and loan deficiency payment provisions.
"We know we can rely on America's farmers and ranchers to grow our food, and they can rely on USDA to have the new farm bill ready," says Schafer. "The Department of Agriculture is putting into action the thousands of pages of new farm bill law for crop production, research, marketing, nutrition, conservation, food aid and rural development."
County loan rates for 2008 crops, state loan rates by class for 2008 crop of rice, and regional loan rates for 2008 pulse crops were posted on the Farm Service Agency Web site. For a complete list of the released rates, click HERE.