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.