USDA Announces CCC Lending Rates for December

December 3, 2012 02:37 AM
 

USDA's Commodity Credit Corporation (CCC) today announced interest rates for December 2012. The CCC borrowing rate-based charge for December is 0.125%, unchanged from November. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during December is 1.125%, unchanged from November.

Interest rates for Farm Storage Facility Loans approved for December 2012 are as follows:

  • 1.125% with seven-year loan terms (unchanged from November)
  • 1.750% with 10-year loan terms (unchanged from November)
  • 1.875% with 12-year loan terms (down from 2.000% in November)

 

The interest rate for Sugar Storage Facility Loans for December is 2.125%, down from 2.250% the month prior.

The maximum discount rate applicable for December 2012 for the Tobacco Transition Payment Program is 5%, unchanged from November 2012. This is based on the 3.250% prime rate plus 2%, rounded to the nearest whole number.

For more details, click here.

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close