STAT Communications Ag Market News

USDA Sets December Interest Rates

WASHINGTON - Dec 1/20 - SNS -- The USDA's Commodity Credit Corporation set interest rates for December 2020 at 0.125%, unchanged from November.

The interest rate for crop year commodity loans less than one year disbursed during December is 1.125%, same as in November.

Interest rates for Farm Storage Facility Loans approved for December are as follows:

- 0.250% with three-year loan terms, up from 0.125 in November;

- 0.375% with five-year loan terms, up from 0.250 in November;

- 0.625% with seven-year loan terms, up from 0.500 in November;

- 0.875% with 10-year loan terms, up from 0.750 in November; and

- 1.000% with 12-year loan terms, up from 0.875 in November.

The interest rate for 15-year Sugar Storage Facility Loans for December is 1.125%, up from 1.000% in November.

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