Published: October 2, 2017
Updated: October 2, 2017
USDA's Commodity Credit Corporation announced in a September 29, 2017 news release that the marketing assistance loan rate for 2018-crop base quality upland cotton is 52.00 cents per pound. Marketing assistance loans provide interim financing to producers so that commodities can be stored upon harvest when market prices are typically low and sold later when price conditions are more favorable.