USDA Announces Commodity Credit Corporation Lending Rates For April 2016

Apr 04, 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

Video: Winter Service Inspections for John Deere Equipment - The FarmCast Ep64

The FarmCast, host Troy Randall speaks with Doug Luedke, Vice President of Service, and Davin Peterson, Executive Vice President of Aftermarket at 21st Century Equipment, to discuss the importance of proactive service and how it helps farmers reduce downtime during their busiest seasons. The conversation focuses on the Winter Service Inspection Program, a comprehensive approach designed to keep equipment running at peak performance and limit costly in-season breakdowns through preventative maintenance and expert technician support.

Doug and Devin explain how 21st Century Equipment’s service teams have evolved to meet the needs of today’s connected machines. With more technology and data integrated into modern equipment, technicians now play a vital role in both mechanical repairs and precision ag support. Through advanced diagnostics, machine monitoring, and John Deere’s Expert Alerts, they can identify and address potential issues before they become major problems—saving customers valuable time, money, and frustration.

Throughout the discussion, the team shares real-world success stories demonstrating how proactive inspections and customer-focused service help maximize uptime and efficiency for every operation. Whether it’s a large tractor, combine, or small mower, the goal remains the same: to provide trusted, reliable support that helps farmers and landowners stay productive and confident in their equipment year-round.