USDA's Commodity Credit Corporation (CCC) today announced interest rates for September 2013. The CCC borrowing rate-based charge for September 2013 is 0.125%, unchanged from August. The interest rate for commodity and marketing assistance loans disbursed during September 2013 is 1.125%, also unchanged from last month.
Interest rates for Farm Storage Facility Loans approved for September 2013 are as follows:
- 2.000% with seven-year loan terms, unchanged from August
- 2.625% with 10-year loan terms, unchanged from August
- 2.875% with 12-year loan terms, up from 2.750% in August
The interest rate for Sugar Storage Facility Loans for September 2013 is 3.125%, up from 3.000% in August. The maximum discount rate applicable for September 2013 for the Tobacco Transition Payment Program is 5%, unchanged from month-ago. This is based on the 3.250% prime rate plus 2%, rounded to the nearest whole number.
Further program information is available from USDA Farm Service Agency's (FSA) Financial Management Division at 202-772-6041.