USDA Announces Commodity Credit Corporation Lending Rates For April 2016

The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced interest rates for April 2016. The CCC borrowing rate-based charge for April is 0.625 percent, up from 0.500 percent in March.

The interest rate for crop year commodity loans less than one year disbursed during April is 1.625 percent, up from 1.500 percent in March.

Interest rates for Farm Storage Facility Loans approved for April are as follows, 1.625 percent with seven-year loan terms, unchanged from 1.625 percent in March; 1.875 percent with 10-year loan terms, unchanged from 1.875 percent in March and; 2.000 percent with 12-year loan terms, unchanged from 2.000 percent in March. The interest rate for 15-year Sugar Storage Facility Loans for April is 2.125 percent, unchanged from 2.125 percent in March.  

Source:usda.gov