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.
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