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.
From the Farm Service Agency:
The U.S. Department of Agriculture's Commodity Credit Corporation
(CCC) today announced interest rates for February 2016.
The CCC
borrowing rate-based charge for February is 0.625 percent, unchanged
from 0.625 percent in January.
The interest rate for crop year
commodity loans less than one year disbursed during February is 1.625
percent, unchanged from 1.625 percent in January.
Interest rates
for Farm Storage Facility Loans approved for February are as follows,
2.000 percent with seven-year loan terms, unchanged from 2.000 percent
in January; 2.125 percent with 10-year loan terms, down from 2.250
percent in January and; 2.250 percent with 12-year loan terms, down from
2.375 percent in January.
The interest rate for 15-year Sugar Storage
Facility Loans for February is 2.375 percent, down from 2.500 percent in
January.
Further program information is available from USDA Farm Service Agency's (FSA) Financial Management Division at 202-772-6041.
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.
The U.S. Department of Agriculture's Commodity Credit Corp. (CCC)
has announced interest rates for July 2013.
The CCC borrowing
rate-based charge for July 2013 is 0.125 percent, unchanged from 0.125
in June 2013. For 1996 and subsequent crop year commodity and marketing
assistance loans, the interest rate for loans disbursed during July 2013
is 1.125 percent, unchanged from 1.125 in June 2013.
Interest
rates for Farm Storage Facility Loans approved for July 2013 are as
follows, 1.500 percent with seven-year loan terms, up from 1.250 in June
2013; 2.125 percent with 10-year loan terms, up from 1.750 in June 2013
and; 2.375 percent with 12-year loan terms, up from 2.000 percent in
June 2013.
The interest rate for Sugar Storage Facility Loans for July
2013 is 2.625 percent, up from 2.250 in June 2013.
The
maximum discount rate applicable for July 2013 for the Tobacco
Transition Payment Program is 5 percent, unchanged from June 2013. This
is based on the 3.250 percent prime rate plus 2 percent, rounded to the
nearest whole number.
Past monthly
releases announcing interest rates charged by CCC on commodity and
marketing assistance loans disbursed for that particular month reflect
the interest rate the U.S. Treasury charged CCC for that month.
This
was the interest rate specified by CCC since Jan. 1, 1982, but the
process of establishing the interest rate was changed by a provision of
the Federal Agriculture Improvement and Reform Act of 1996 (the Act),
enacted April 4, 1996.
Section
163 of the Act requires that monthly interest rates applicable to
commodity and marketing assistance loans are to be 100 basis points — or
1 percent — greater than the rate determined under the applicable
interest rate formula in effect Oct. 1, 1995. This formula resulted
in a rate equivalent to the amount the U.S. Treasury charged CCC for
borrowing, for the month.
Further program information is available from USDA Farm Service Agency's Financial Management Division at (202) 772-6041.
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.
