USDA's Commodity Credit Corporation (CCC) today announced its interest rates for November 2012. It left the CCC borrowing rate unchanged from October at 0.125%. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during November is 1.125%, unchanged from 1.125% in October 2012.
Interest rates for Farm Storage Facility Loans approved for November 2012 follows:
- 1.125% with seven-year loan terms, unchanged from October 2012
- 1.750% with 10-year loan terms, unchanged from October
- 2.000% with 12-year loan terms, unchanged October 2012
The interest rate for Sugar Storage Facility Loans for November 2012 is 2.250%, up from 2.125% in October 2012.