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USDA Announces Commodity Credit Corporation Lending Rates for October 2020

The U.S. Department of Agriculture’s Commodity Credit Corporation (CCC) today announced interest rates for October 2020, which are effective October 1 - October 31, 2020.

The CCC borrowing rate-based charge for October is 0.125%, same as in September.

The interest rate for crop year commodity loans less than one year disbursed during October is 1.125%, same as in September.  

Interest rates for Farm Storage Facility Loans approved for October, all of which were unchanged from September, are as follows:

  • 0.125% with three-year loan terms;
  • 0.250% with five-year loan terms;
  • 0.500% with seven-year loan terms;
  • 0.625% with 10-year loan terms; and
  • 0.750% with 12-year loan terms.

The interest rate for 15-year Sugar Storage Facility Loans for October is 1.000%, up from 0.875% in September.

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

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Evolution of Beef Cattle Farming

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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.