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USDA Sets Feb Interest Rates
WASHINGTON - Feb 1/06 - SNS -- The USDA's Commodity Credit Corporation (CCC) left interest rates on commodity loans unchanged for the month of February.
The interest rate for 1995 and prior crop year commodity loans disbursed by USDA’s Commodity Credit Corporation (CCC) during February 2006 is 4.375%, unchanged from January 2006.
For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during February 2006 is 5.375%, unchanged from January 2006.
The interest rate for farm storage facility loans approved in February 2006 is 4.375%, unchanged from January 2006. The interest rate for sugar storage facility loans for February 2006 is 4.500%, down from 4.625% in January 2006.
The maximum discount rate applicable for February 2006 for the Tobacco Transition Payment Program is 9.0%. This is based on the prime rate 7.25% plus 2%, rounded to the nearest whole number.
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