Loan Rates, Direct Payments, Counter- Cyclical Payments & Target Prices

USDA County Loan Rates 2005 Southeast Missouri Loan Rates for Bootheel Counties 2005 Southeast Missouri Loan Rates
National Loan Rates, Direct Payments and Target Prices Direct Payments & Maximum Counter-Cyclical Rates - 2004 to 2007

CCP Calculator for 2003-2004

 

2005 Southeast Missouri Loan Rates

      2005 County Loan Rates
      Southeast Missouri
                 
    Corn Grain Sorghum Soybeans Wheat Cotton Rice
    bu. cwt. bu. bu. bu. lb. cwt.
1 Bollinger 2.06 3.44 1.93 5.16 2.66 52.35 6.54
2 Butler 2.08 3.41 1.91 5.10 2.63 52.35 6.54
3 Cape Girardeau 2.02 3.44 1.93 5.15 2.75 52.35 6.54
4 Carter 2.09 3.34 1.87 5.10 2.57 52.35 6.54
5 Dunklin 2.09 3.47 1.94 5.13 2.66 52.35 6.54
6 Iron 2.09 3.34 1.87 5.10 2.57 52.35 6.54
7 Madison 2.07 3.45 1.93 5.15 2.66 52.35 6.54
8 Mississippi 2.05 3.61 2.02 5.22 2.75 52.35 6.54
9 New Madrid 2.10 3.60 2.02 5.22 2.73 52.35 6.54
10 Pemiscot 2.09 3.58 2.00 5.22 2.73 52.35 6.54
11 Perry 2.06 3.48 1.95 5.15 2.75 52.35 6.54
12 Reynolds 2.09 3.34 1.87 5.10 2.57 52.35 6.54
13 Ripley 2.08 3.36 1.88 5.10 2.57 52.35 6.54
14 Scott 2.08 3.53 1.98 5.22 2.75 52.35 6.54
15 Stoddard 2.05 3.45 1.93 5.17 2.66 52.35 6.54
16 Wayne 2.10 3.35 1.88 5.14 2.63 52.35 6.54

 

2005 Southeast Missouri Loan Rates for the Bootheel Counties

    2005 County Loan Rates
    Southeast Missouri
               
  Corn Grain Sorghum Soybeans Wheat Cotton Rice
  bu. cwt. bu. bu. bu. lb. cwt.
1 Bollinger 2.06 3.44 1.93 5.16 2.66 52.35 6.54
2 Butler 2.08 3.41 1.91 5.10 2.63 52.35 6.54
3 Cape Girardeau 2.02 3.44 1.93 5.15 2.75 52.35 6.54
4 Dunklin 2.09 3.47 1.94 5.13 2.66 52.35 6.54
5 Mississippi 2.05 3.61 2.02 5.22 2.75 52.35 6.54
6 New Madrid 2.10 3.60 2.02 5.22 2.73 52.35 6.54
7 Pemiscot 2.09 3.58 2.00 5.22 2.73 52.35 6.54
8 Perry 2.06 3.48 1.95 5.15 2.75 52.35 6.54
9 Scott 2.08 3.53 1.98 5.22 2.75 52.35 6.54
10 Stoddard 2.05 3.45 1.93 5.17 2.66 52.35 6.54

 

National Loan Rates, Direct Payments and Target Prices
Crop Loan Rates Direct Target Price
- - Payment - -
  2002-03 2004-07   2002-07   2002-03 2004-07
Cotton (lb.) $0.520 $0.520 $0.0667 $0.724 $0.724
Corn (bu.) $1.98 $1.95 $0.28 $2.60 $2.63
Milo (bu.) $1.98 $1.95 $0.35 $2.54 $2.57
Wheat (bu.) $2.80 $2.75 $0.52 $3.86 $3.92
Soybeans (bu.) $5.00 $5.00 $0.44 $5.80 $5.80
Rice (cwt.) $6.50 $6.50 $2.35 $10.50 $10.50

 

2004 - 2007 Crop Year      
                       
                Maximum   CCP  
                Counter-   Zero if  
Crop Loan   Direct   Effective   Target   Cyclical   Price  
Rate   Payment   Price*   Price   Rate**   Above***  
  2004-07   2004-07   2004-07   2004-07   2004-07   2002-03  
Cotton (lb.) $0.520   $0.0667   $0.5867   $0.724   $0.1373   $0.6573  
Corn (bu.) $1.95   $0.28   $2.23   $2.63   $0.40   $2.35  
Milo (bu.) $1.95   $0.35   $2.30   $2.57   $0.27   $2.22  
Wheat (bu.) $2.75   $0.52   $3.27   $3.92   $0.65   $3.40  
Soybeans (bu.) $5.00   $0.44   $5.44   $5.80   $0.36   $5.36  
Rice (cwt.) $6.50   $2.35   $8.85   $10.50   $1.65   $8.15  
                       
*Effective Price equals the higher of the 12 month marketing year price or loan rate plus direct payment rate
**Maximum Counter-Cyclical payment equals Target Price minus Effective Price      
***Target Price minus Direct Payment Rate.  When the 12 month marketing year price is above this price
the Counter-Cyclical payment (CCP) will be Zero.              

 

Payment Formula and Schedule:

 

 

 

 

 

Direct Payment: ( 50% Any Month Beginning in December + 50% October the Final Payment)

 

Base Acres X 85% X Direct Yield X Direct Payment Rate

 

Direct Yield = 2002 Payment Yield

 

 

 

Counter-Cyclical Payment (CCP):

(35% October + 35% February + Balance at the end of the 12 Month Marketing Period for the Crop)

 

Base Acres X 85% X Counter-Cyclical Yield X CCP Rate

 

 

 

 

CCP Yield = One of the Following 3 Options: 1. Direct yield, 2. 93.5% of 1998 – 2001 Average Yield, 3.  (Average Yield – Direct Yield X 70%) + Direct Yield

 

CCP Rate = Target Price – Direct Payment – Higher of National Loan Rate or 12 Month Average Market Price

 

 

 

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