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USDA Sets Monthly Interest Rates
WASHINGTON - Jan 4/10 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for January 2010.
The CCC borrowing rate-based charge for January 2010 is 0.375%, unchanged from December 2009. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during January 2010 is 1.375%, unchanged from December 2009.
In accordance with the 2008 Farm Bill, interest rates for Farm Storage Facility Loans approved for January 2010 are as follows - 2.875% with seven-year loan terms, 3.375% with 10-year loan terms and 3.750% with 12-year loan terms - down from 3.000% with seven-year loan terms, down from 3.500% with 10-year loan terms and unchanged with 12-year loan terms in December 2009. The interest rate for Sugar Storage Facility Loans for January 2010 is 4.000%, down from 4.125% in December 2009.
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