USDA’s Commodity Credit Corporation (CCC) left the borrowing rate for December 2011 unchanged from November at 0.125%. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during December 2011 is 1.125 percent, also unchanged from November.
In accordance with the 2008 Farm Bill, interest rates for Farm Storage Facility Loans approved for December 2011 are as follows:
- 7-year loan terms: 1.500% (unchanged from November)
- 10-year loan terms: 2.125% (up from 2.000% in November)
- 12-year loan terms: 2.375% (up from 2.250% in November).
The interest rate for Sugar Storage Facility Loans for December is 2.625%, up from 2.500% in November. The maximum discount rate applicable for December for the Tobacco Transition Payment Program is 5% percent, unchanged from last month. This is based on the 3.250% prime rate plus 2%, rounded to the nearest whole number.
