CCC Leaves Borrowing Rate-based Charge at 0.125% for February

February 3, 2014 04:15 AM
 

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.

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