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USDA Raises CCC Interest Rates
WASHINGTON - Dec 1/04 - SNS -- The USDA increased interest rates charged on Commodity Credit Corporation (CCC) commodity loans.
The rate for loans disbursed in 1995 and prior years jumped from 2.2250% in November to 2.375% for December. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during December 2004 is 3.375%, up from 3.250% in November 2004.
The interest rate for farm storage facility loans approved in December 2004 is 3.750%, unchanged from November 2004. The interest rate for sugar storage facility loans for December 2004 is 4.625%, up from 4.500% in November 2004.
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