USDA Announces Commodity Credit Corporation Lending Rates For January 2016

The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced interest rates for January 2016. The CCC borrowing rate-based charge for January is 0.625 percent, up from 0.375 percent in December.

The interest rate for crop year commodity loans less than one year disbursed during January is 1.625 percent, up from 1.375 percent in December.

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

Source:usda.gov