USDA Announces Commodity Credit Corporation Lending Rates For February 2016

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

The interest rate for crop year commodity loans less than one year disbursed during February is 1.625 percent, unchanged from 1.625 percent in January.

Interest rates for Farm Storage Facility Loans approved for February are as follows, 2.000 percent with seven-year loan terms, unchanged from 2.000 percent in January; 2.125 percent with 10-year loan terms, down from 2.250 percent in January and; 2.250 percent with 12-year loan terms, down from 2.375 percent in January. The interest rate for 15-year Sugar Storage Facility Loans for February is 2.375 percent, down from 2.500 percent in January.

Source:usda.gov