USDA Announces Commodity Credit Corporation Lending Rates For October 2015

Oct 07, 2015

The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced interest rates for October 2015. The CCC borrowing rate-based charge for October is 0.375 percent, unchanged from 0.375 percent in September.

The interest rate for crop year commodity loans less than one year disbursed during October is 1.375 percent, unchanged from 1.375 percent in September.

Interest rates for Farm Storage Facility Loans approved for October are as follows, 1.875 percent with seven-year loan terms, down from 2.000 percent in September; 2.125 percent with 10-year loan terms, down from 2.250 percent in September and; 2.375 percent with 12-year loan terms, up from 2.250 percent in September. The interest rate for 15-year Sugar Storage Facility Loans for October is 2.500 percent, up from 2.375 percent in September.

Source:usda.gov

Video: Dicamba Returns for Georgia Farmers: What the New EPA Ruling Means for Cotton Growers

After being unavailable in 2024 due to registration issues, dicamba products are returning for Georgia farmers this growing season — but under strict new conditions.

In this report from Tifton, Extension Weed Specialist Stanley Culpepper explains the updated EPA ruling, including new application limits, mandatory training requirements, and the need for a restricted use pesticide license. Among the key changes: a cap of two ½-pound applications per year and the required use of an approved volatility reduction agent with every application.

For Georgia cotton producers, the ruling is significant. According to Taylor Sills with the Georgia Cotton Commission, the vast majority of cotton planted in the state carries the dicamba-tolerant trait — meaning farmers had been paying for technology they couldn’t use.

While environmental groups have expressed concerns over spray drift, Georgia growers have reduced off-target pesticide movement by more than 91% over the past decade. Still, this two-year registration period will come with increased scrutiny, making stewardship and compliance more important than ever.