USDA Sets February Interest Rates
WASHINGTON - Feb 2/16 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for February 2016. The CCC borrowing rate-based charge for February is 0.625%, unchanged from 0.625% in January.
The interest rate for crop year commodity loans less than one year disbursed during February is 1.625%, unchanged from 1.625% in January.
Interest rates for Farm Storage Facility Loans approved for February are as follows, 2.000% with seven-year loan terms, unchanged from 2.000% in January; 2.125% with 10-year loan terms, down from 2.250% in January and; 2.250% with 12-year loan terms, down from 2.375% in January. The interest rate for 15-year Sugar Storage Facility Loans for February is 2.375%, down from 2.500% in January.
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