USDA: USDA issues 1998 price support grade loan rates for dark air-cured and fire-cured tobaccos.

0 Comments | M2 Presswire, November, 1998

M2 PRESSWIRE-24 November 1998-USDA: USDA issues 1998 price support grade loan rates for dark air-cured and fire-cured tobaccos (C)1994-98 M2 COMMUNICATIONS LTD RDATE:231198 The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today issued price support grade loan rates for the 1998-crop Kentucky and Tennessee dark air-cured tobacco, types 35 and 36 and fire-cured tobacco, types 22 and 23.

These grade loan rates reflect the average support level of $1.45 per pound for dark air-cured tobacco and $1.681 per pound for fire-cured tobacco. Adjustments were made in certain grades to reflect the overall grade distribution change. The rates were determined by CCC in consultation with the producer associations that are used to provide price...

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