CCC lending rates for January same as December 2020
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.
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