USDA's Commodity Credit Corporation (CCC) today announced interest rates for February 2013. The CCC borrowing rate-based charge for February 2013 is 0.125%, unchanged from January. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during February 2013 is 1.125%, unchanged from the month prior.
Interest rates for Farm Storage Facility Loans approved for February 2013 are as follows:
- 1.250% with seven-year loan terms, up from 1.125% in January 2013;
- 1.875% with 10-year loan terms, up from 1.625% in January
- 2.125% with 12-year loan terms, up from 1.875% in January
The interest rate for Sugar Storage Facility Loans for February 2013 is 2.375%, up from 2.125% last month.
The maximum discount rate applicable for February 2013 for the Tobacco Transition Payment Program is 5%, unchanged from January 2013. This is based on the 3.250% prime rate plus 2%, rounded to the nearest whole number.
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