USDA's Commodity Credit Corporation (CCC) today announced that the borrowing rate-based charge for February will remain unchanged from the month prior at 0.125%. The interest rate for commodity and marketing assistance loans disbursed during February is 1.125%, also unchanged from January.
Interest rates for Farm Storage Facility Loans approved for February are as follows:
- 2.375% with seven-year loan terms, up from 2.250% in January
- 3.000% with 10-year loan terms, up from 2.875% in January and
- 3.125% with 12-year loan terms, up from 3.000% in January
The interest rate for 15-year Sugar Storage Facility Loans for February is 3.375%, unchanged from January.
The maximum discount rate applicable for February for the Tobacco Transition Payment Program is 5%, unchanged from January. 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.