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USDA Sets November CCC Lending Rates
WASHINGTON - Nov 1/05 - SNS -- The USDA set the interest rate for 1995 and prior crop year commodity loans disbursed by the Commodity Credit Corporation (CCC) during November 2005 is 4.000%, up from 3.875% in October 2005.
For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during November 2005 is 5.000%, up from 4.875% in October 2005.
The interest rate for farm storage facility loans approved in November 2005 is 4.250%, up from 4.000% in October 2005. The interest rate for sugar storage facility loans for November 2005 is 4.500%, up from 4.375% in October 2005.
The maximum discount rate applicable for November 2005 for the Tobacco Transition Payment Program is 9.0%. This is based on the prime rate plus 2%, rounded to the nearest whole number.
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