The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation (CCC) today announced interest rates for March 2017. The CCC borrowing rate-based charge for March is 0.875 percent, unchanged from 0.875 percent in February.
The interest rate for crop year commodity loans less than one year disbursed during March is 1.875 percent, unchanged from 1.875 percent in February.
Interest rates for Farm Storage Facility Loans approved for March are as follows, 1.500 percent with three-year loan terms, unchanged from 1.500 percent in February; 1.875 percent with five-year loan terms, down from 2.000 percent in February; 2.250 percent with seven-year loan terms, unchanged from 2.250 percent in February; 2.500 percent with 10-year loan terms, unchanged from 2.500 percent in February and; 2.500 percent with 12-year loan terms, unchanged from 2.500 percent in February. The interest rate for 15-year Sugar Storage Facility Loans for March is 2.625 percent, unchanged from 2.625 percent in February.
Further program information is available from USDA Farm Service Agency’s (FSA) Financial Management Division at 202-772-6041.
-Submitted by Jean Hazlegrove