January CCC Lending Rates Announced

USDA’s Commodity Credit Corporation has announced interest rates for January 2013. Unchanged from December of 2012 – the CCC borrowing rate-based charge for January is 0.125-percent. For 1996 and subsequent crop year commodity and marketing assistance loans – the interest rate for loans disbursed during January 2013 is 1.125-percent – also unchanged from December. For Farm Storage Facility Loans approved for January – interest rates are unchanged at 1.125-percent with seven-year loan terms; down to 1.625-percent with 10-year loan terms; and unchanged at 1.875-percent with 12-yearr loan terms. The interest rate for Sugar Storage Facility Loans for January 2013 is 2.125 – unchanged from December. The maximum discount rate applicable for January 2013 for the Tobacco Transition Payment Program is five-percent – also unchanged from December 2012. This is based on the 3.250-percent prime rate plus two-percent, rounded to the nearest whole number.


SFNToday.com is dedicated to serving the agricultural industry in the Carolinas and Virginia with the latest ag news, exclusive regional weather station readings, and key crop market information. The website is a companion of the Southern Farm Network, provider of daily agricultural radio programming to the Carolinas since 1974. SFNToday.com presents radio programs, interviews and news relevant to crop and livestock production and research throughout the mid-Atlantic agricultural community.

Leave a Reply

Your email address will not be published. Required fields are marked *

*