FSA Andy for Sept. 4, 2008

Hello Again!

The Wayne County Fair starts this Saturday. The Budweiser Clydesdale horses will be on display there most of the week, with intermittent scheduled demonstrations. This is in addition to the fair being the largest junior fair in the state of Ohio!

The local FSA office has a display over on Machinery/Ag Row, so stop by and say hello and find out the latest FSA news.

As you harvest your crops this fall, keep in mind that you can obtain marketing loans through our office that enable you to obtain cash to operate while you are holding onto your crop for future price increases.

These marketing loans are nine-month non-recourse loans. They can be farm-stored or CCC approved warehouse-stored. Loan rates vary by county, but are around $1.98 for corn and $5.12 for soybeans. The interest rate for August was 3.375 percent.

If you plan on feeding the grain, you must submit a repayment schedule so the grain is repaid prior to feeding.

Contact your local office for eligibility requirements. Since current commodity market prices are way above these CCC county loan rates, there are no loan deficiency payments to be captured. Be careful harvesting!

That’s all for now,

FSA Andy

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