The U.S. Department of Agriculture's Commodity Credit Corporation on Monday announced interest rates for December 2014. The CCC borrowing rate-based charge for December is 0.125 percent, unchanged from 0.125 percent in November.
The interest rate for crop year commodity loans less than one year disbursed during December is 1.125 percent, unchanged from 1.125 percent in November.
Interest rates for Farm Storage Facility Loans approved for December are as follows, 2.000 percent with seven-year loan terms, down from 2.125 percent in November; 2.375 percent with 10-year loan terms, unchanged from 2.375 percent in November and; 2.500 percent with 12-year loan terms, unchanged from 2.500 percent in November. The interest rate for 15-year Sugar Storage Facility Loans for December is 2.625 percent, unchanged from 2.625 percent in November.
Additional program information is available from USDA Farm Service Agency's Financial Management Division at 202-772-6041.