Commodity Credit Corporation announces November interest rates

The USDA’s Commodity Credit Corporation has announced interest rates for November 1012. The CCC borrowing rate-based charge for November is 0.125 percent, unchanged form October.

For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during November 2012 is 1.125 percent, unchanged from 1.125 in October 2012.

Interest rates for Farm Storage Facility Loans approved for November 2012 are as follows, 1.125 percent with seven-year loan terms, unchanged from 1.125 in October 2012; 1.750 percent with 10-year loan terms, unchanged from 1.750 in October 2012 and; 2.000 percent with 12-year loan terms, unchanged from 2.000 percent in October 2012. The interest rate for Sugar Storage Facility Loans for November 2012 is 2.250 percent, up from 2.125 in October 2012.

Past monthly releases announcing interest rates charged by CCC on commodity and marketing assistance loans disbursed for that particular month reflect the interest rate the U.S. Treasury charged CCC for that month.

Source: USDA FSA