USDA Sets January Interest Rates
WASHINGTON - Jan 4/16 SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for January 2016. The CCC borrowing rate-based charge for January is 0.625%, up from 0.375% in December.
The interest rate for crop year commodity loans less than one year disbursed during January is 1.625%, up from 1.375% in December.
Interest rates for Farm Storage Facility Loans approved for January are as follows, 2.000% with seven-year loan terms, unchanged from 2.000% in December; 2.250% with 10-year loan terms, unchanged from 2.250% in December and; 2.375% with 12-year loan terms, unchanged from 2.375% in December. The interest rate for 15-year Sugar Storage Facility Loans for January is 2.500%, unchanged from 2.500% in December.
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