Loan Rates, Direct Payments, Counter- Cyclical Payments & Target Prices |
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| 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 | |
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. | ||||||||||||
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Direct Payment: ( 50% Any Month Beginning
in December + 50% October the Final Payment) |
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Base Acres X 85% X Direct Yield X Direct Payment
Rate |
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Direct Yield = 2002 Payment Yield |
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Counter-Cyclical Payment (CCP): (35% October + 35% February + Balance at the end
of the 12 Month Marketing Period for the Crop) |
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Base Acres X 85% X Counter-Cyclical Yield X CCP
Rate |
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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 |
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CCP Rate = Target Price – Direct Payment –
Higher of National Loan Rate or 12 Month Average Market Price |
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