USDA Sets March Interest Rates
WASHINGTON - Mar 1/16 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for March 2016.
The CCC borrowing rate-based charge for March is 0.500%, down from 0.625% in February.
The interest rate for crop year commodity loans less than one year disbursed during March is 1.500%, down from 1.625% in February.
Interest rates for Farm Storage Facility Loans approved for March are as follows, 1.625% with seven-year loan terms, down from 2.000% in February; 1.875% with 10-year loan terms, down from 2.125% in February and; 2.000% with 12-year loan terms, down from 2.250% in February. The interest rate for 15-year Sugar Storage Facility Loans for March is 2.125%, down from 2.375% in February.
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