Farms.com Home   News

USDA Announces Commodity Credit Corporation Lending Rates For March 2015

The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced interest rates for March 2015. The CCC borrowing rate-based charge for March is 0.250 percent, unchanged from 0.250 percent in February.

The interest rate for crop year commodity loans less than one year disbursed during March is 1.250 percent, unchanged from 1.250 percent in February.

Interest rates for Farm Storage Facility Loans approved for March are as follows, 1.750 percent with seven-year loan terms, down from 1.875 percent in February; 1.875 percent with 10-year loan terms, down from 2.000 percent in February and; 2.000 percent with 12-year loan terms, down from 2.125 percent in February. The interest rate for 15-year Sugar Storage Facility Loans for March is 2.125 percent, down from 2.250 percent in February.

Source:usda.gov


Trending Video

Spring Planting Prep Just Got Serious… We NEED This!

Video: Spring Planting Prep Just Got Serious… We NEED This!

Getting closer to planting season means one thing… it’s time to get EVERYTHING ready.

Today didn’t go exactly as planned—we thought we’d be hauling potatoes again, but instead we spent the day digging equipment out of the cellar, hooking up the grain drill, and getting tractors ready to roll. With wheat planting just around the corner, every piece of equipment matters.

Of course, it wouldn’t be a normal day without a few problems… dead batteries, hydraulic issues, and a truck tire that absolutely refused to cooperate. We tried everything—jump packs, bead bazooka, ratchet straps… and eventually had to bring out the “big guns” just to get things moving again.

But that’s farm life—adapt, fix, and keep moving forward.

We’re getting close to go-time. Wheat seed is coming soon, and planting season is right around the corner