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USDA Sets January Interest Rates
WASHINGTON - Jan 3/12 - SNS -- The USDA's Commodity Credit Corporation (CCC) announced interest rates for January 2012.
The CCC borrowing rate-based charge for January 2012 is 0.125%, unchanged from 0.125 in December 2011. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during January 2012 is 1.125%, unchanged from 1.125 in December 2011.
In accordance with the 2008 Farm Bill, interest rates for Farm Storage Facility Loans approved for January 2012 are as follows, 1.375% with seven-year loan terms, down from 1.500 in December 2011; 2.000% with 10-year loan terms, down from 2.125 in December 2011 and; 2.250% with 12-year loan terms, down from 2.375% in December 2011. The interest rate for Sugar Storage Facility Loans for January 2012 is 2.375%, down from 2.625 in December 2011.
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