USDA Announces Commodity Credit Corporation Lending Rates For March 2016

The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced interest rates for March 2016. The CCC borrowing rate-based charge for March is 0.500 percent, down from 0.625 percent in February.

The interest rate for crop year commodity loans less than one year disbursed during March is 1.500 percent, down from 1.625 percent in February.

Interest rates for Farm Storage Facility Loans approved for March are as follows, 1.625 percent with seven-year loan terms, down from 2.000 percent in February; 1.875 percent with 10-year loan terms, down from 2.125 percent in February and; 2.000 percent with 12-year loan terms, down from 2.250 percent in February. The interest rate for 15-year Sugar Storage Facility Loans for March is 2.125 percent, down from 2.375 percent in February.

Source:usda.gov