Wednesday, September 3, 2014

Interest Rates Announced for Commodity Credit Corp.

From the USDA:

The U.S. Department of Agriculture's Commodity Credit Corp. this week announced interest rates for September 2014. 

The CCC borrowing rate-based charge for September is 0.125 percent, unchanged from 0.125 percent in August.

The interest rate for crop year commodity loans less than one year disbursed during September is 1.125 percent, unchanged from 1.125 percent in August.

Interest rates for Farm Storage Facility Loans approved for September are as follows, 2.125 percent with seven-year loan terms, unchanged from 2.125 percent in August; 2.500 percent with 10-year loan terms, down from 2.625 percent in August and; 2.625 percent with 12-year loan terms, down from 2.750 percent in August. 

The interest rate for 15-year Sugar Storage Facility Loans for September is 2.750 percent, down from 2.875 percent in August.

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

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