USDA's Commodity Credit Corporation (CCC) today announced no changes to its CCC borrowing rate-based charge for November 2013. It will remain at 0.125% for the month. The interest rate for commodity and marketing assistance loans disbursed during November 2013 is also unchanged from last month at 1.125%.
Interest rates for Farm Storage Facility Loans approved for November 2013 are as follows:
- 2.000% with seven-year loan terms, down from 2.250% in October
- 2.625% with 10-year loan terms, down from 2.875% in October
- 2.875% with 12-year loan terms, down from 3.000% in October
The interest rate for 15-year Sugar Storage Facility Loans for November 2013 is 3.125%, down from 3.250% last month. The maximum discount rate applicable for November 2013 for the Tobacco Transition Payment Program is 5%, unchanged from the month prior. 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.