Monday, June 3, 2013

Interest Rates Set for Commodity Credit Corp.

News from the USDA:

The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced interest rates for June 2013. 

The CCC borrowing rate-based charge for June 2013 is 0.125 percent, unchanged from 0.125 in May 2013.

For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during June 2013 is 1.125 percent, unchanged from 1.125 in May 2013.

Interest rates for Farm Storage Facility Loans approved for June 2013 are as follows: 1.250 percent with seven-year loan terms, unchanged from 1.250 in May 2013; 1.750 percent with 10-year loan terms, down from 1.875 in May 2013 and; 2.000 percent with 12-year loan terms, down from 2.125 percent in May 2013.

The interest rate for Sugar Storage Facility Loans for June 2013 is 2.250 percent, down from 2.375 in May 2013.

Further program information is available from USDA Farm Service Agency's Financial Management Division at (202) 772-6041.

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