NATIONAL AGRICULTURE NEWS
USDA announces Commodity Credit Corporation lending rates for May 2014
5/1/2014 at 1:45 p.m.
From the U.S. Department of Agriculture:
WASHINGTON — The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced interest rates for May 2014. The CCC borrowing rate-based charge for May is 0.125 percent, unchanged from 0.125 percent in April.
The interest rate for crop year commodity loans less than one year disbursed during May is 1.125 percent, unchanged from 1.125 percent in April.
Interest rates for Farm Storage Facility Loans approved for May are as follows, 2.250 percent with seven-year loan terms, up from 2.125 percent in April; 2.750 percent with 10-year loan terms, unchanged from 2.750 percent in April and; 2.875 percent with 12-year loan terms, unchanged from 2.875 percent in April. The interest rate for 15-year Sugar Storage Facility Loans for May is 3.125 percent, unchanged from 3.125 percent in April.
Further program information is available from USDA Farm Service Agency's (FSA) Financial Management Division at 202-772-6041.