CCC lending rates for January same as December 2020

Vincent Marshall
Dodge City Daily Globe

Interest rates for Jan. 4-31 from the U.S. Department of Agriculture’s Commodity Credit Corporation will have a borrowing rate-based charge of 0.125%, similar to December 2020.

For crop year commodity loans less than one year, the interest rate is 1.125%, also the same as December 2020.

For Farm Storage Facility Loans, the interest rates are:

• 0.250% with three-year loan terms.

• 0.375% with five-year loan terms.

• 0.625% with seven-year loan terms.

• 0.875% with 10-year loan terms

• 1.000% with 12-year loan terms.

For 15-year Sugar Storage Facility Loans, the interest rate is 1.250%, an increase from 1.125%.

"FSA loan programs provide low-interest financing to producers to build or upgrade storage facilities and other structures," said the FSA in a news release. "They also help producers with interim financing to meet cash flow needs."

For more information on loans, visit fsa.usda.gov or contact your local USDA Service Center.

To contact the writer, email vmarshall@dodgeglobe.com