Wednesday, December 7, 2016

CCC Interest Rates Set for December

From the USDA

The U.S. Department of Agriculture’s Commodity Credit Corp. (CCC) announced interest rates for December 2016.

The CCC borrowing rate-based charge for December is 0.750 percent, up from 0.625 percent in November.

The interest rate for crop year commodity loans less than one year disbursed during December is 1.750 percent, up from 1.625 percent in November.

Interest rates for Farm Storage Facility Loans approved for December are as follows: 

*** 1.125 percent with three-year loan terms, up from 1 percent in November
*** 1.375 percent with five-year loan terms, up from 1.250 percent in November
***1.750 percent with seven-year loan terms, up from 1.5 percent in November
*** 2 percent with 10-year loan terms, up from 1.750 percent in November and; 
***2 percent with 12-year loan terms, up from 1.750 percent in November.

The interest rate for 15-year Sugar Storage Facility Loans for December is 2.125 percent, up from 1.875 percent in November.

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

No comments:

Post a Comment