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USDA Sets May Lending Rates
WASHINGTON - May 1/12 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for May 2012.
The CCC borrowing rate-based charge for May 2012 is 0.125%, unchanged from 0.125 in April 2012. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during May 2012 is 1.125%, unchanged from 1.125 in April 2012.
In accordance with the 2008 Farm Bill, interest rates for Farm Storage Facility Loans approved for May 2012 are as follows, 1.500% with seven-year loan terms, unchanged from 1.500 in April 2012; 2.125% with 10-year loan terms, unchanged from 2.125 in April 2012 and; 2.375% with 12-year loan terms, unchanged from 2.375% in April 2012. The interest rate for Sugar Storage Facility Loans for May 2012 is 2.625%, unchanged from 2.625 in April 2012.
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