USDA Announces CCI Lending Rates for December

December 2, 2013 03:03 AM

USDA's Commodity Credit Corporation (CCC) today announced the borrowing rate-based charge for December 2013 will remain at 0.125% while the interest rate for commodity and marketing assistance loans disbursed during December will stay at 1.125%, unchanged from November.

The interest rates for Farm Storage Facility Loans approved for December are as follows:

  • 2.000% with seven-year loan terms, unchanged from November
  • 2.625% with 10-year loan terms, unchanged from last month
  • 2.875% with 12-year loan terms, unchanged from November


The interest rate for 15-year Sugar Storage Facility Loans for December 2013 is 3.125%, unchanged from November.

The maximum discount rate applicable for December 2013 for the Tobacco Transition Payment Program is 5%, unchanged from November 2013. 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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