The USDA's Commodity Credit Corporation has announced interest rates for January of 2009. The
The interest rate for farm storage facility loans approved for January has been lowered from 3% to 2.125%. The rate for sugar storage facility loans for January is down as well. The 3.5% is a decrease from the 4.5 interest rate last month.The maximum discount rate applicable for January for the Tobacco Transition Payment Program is 5%, down from the 6% rate last month. This is based on the 3.25% prime rate plus 2%, rounded to the nearest whole number.