Home 5 Ag Stories USDA Announces Commodity Credit Corporation Lending Rates for November 2016

USDA Announces Commodity Credit Corporation Lending Rates for November 2016

WASHINGTON, Nov. 1, 2016 — The U.S. Department of Agriculture’s Commodity Credit Corporation (CCC) today announced interest rates for November 2016. The CCC borrowing rate-based charge for November is 0.625 percent, unchanged from 0.625 percent in October.

The interest rate for crop year commodity loans less than one year disbursed during November is 1.625 percent, unchanged from 1.625 percent in October.

Interest rates for Farm Storage Facility Loans approved for November are as follows, 1.000 percent with three-year loan terms, up from 0.875 percent in October; 1.250 percent with five-year loan terms, up from 1.125 percent in October; 1.500 percent with seven-year loan terms, unchanged from 1.500 percent in October; 1.750 percent with 10-year loan terms, up from 1.625 percent in October and; 1.750 percent with 12-year loan terms, unchanged from 1.750 percent in October. The interest rate for 15-year Sugar Storage Facility Loans for November is 1.875 percent, up from 1.750 percent in October.

SHARE