USDA Announces Commodity Credit Corporation Lending Rates for June 2020

Jun 10, 2020

The U.S. Department of Agriculture’s Commodity Credit Corporation today announced interest rates for June 2020, which are effective June 1-June 30, 2020.

The Commodity Credit Corporation borrowing rate-based charge for June is 0.125 percent, same as in May.

The interest rate for crop year commodity loans less than one year disbursed during June is 1.125 percent, same as in May.

Interest rates for Farm Storage Facility Loans approved for June are as follows:

0.250 percent with three-year loan terms, same as in May;
0.375 percent with five-year loan terms, same as in May;
0.500 percent with seven-year loan terms, down from 0.625 percent in May;
0.625 percent with 10-year loan terms down from .0750 percent in May; and
0.750 percent with 12-year loan terms, same as in May.
The interest rate for 15-year Sugar Storage Facility Loans for June is 0.875 percent, same as in May.

The loan programs administered by the Farm Service Agency help stabilize the incomes of America’s farmers and ranchers.

Visit https://www.farmers.gov for more information on loan eligibility, the application process or to find your local service center.

Source : usda.gov

Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.