USDA Announces

USDA Announces

Commodity Credit Corporation Lending Rates for Jan. 2016

WASHINGTON, Jan. 2, 2014 — The U.S. Department of Agriculture’s Commodity Credit Corporation (CCC) today announced interest rates for January 2014. The CCC borrowing rate-based charge for January 2014 is 0.125 percent, unchanged from 0.125 percent in December 2013.

The interest rate for commodity and marketing assistance loans disbursed during January 2014 is 1.125 percent, unchanged from 1.125 percent in December 2013.

USDA-logo

Contact: Isabel Benemelis (202) 720-7809

Interest rates for Farm Storage Facility Loans approved for January 2014 are as follows, 2.250 percent with seven-year loan terms, up from 2.000 percent in December 2013; 2.875 percent with 10-year loan terms, up from 2.625 percent in December 2013 and; 3.000 percent with 12-year loan terms, up from 2.875 percent in December 2013. The interest rate for 15-year Sugar Storage Facility Loans for January 2014 is 3.375 percent, up from 3.125 percent in December 2013.

The maximum discount rate applicable for January 2014 for the Tobacco Transition Payment Program is 5 percent, unchanged from December 2013. This is based on the 3.250 percent prime rate plus 2 percent, rounded to the nearest whole number.

Further program information is available from USDA Farm Service Agency’s (FSA) Financial Management Division at 202-772-6041.

USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 FREE

  • Toll-free Customer Service: (800) 877-8339 FREE (Local or Federal relay) & (866) 377-8642 FREE (Relay voice users).

Related posts