USDA Announces Commodity Credit Corp. lending rates for January
WASHINGTON, D.C. – The U.S. Department of Agriculture’s Commodity Credit Corporation (CCC) has released interest rates for January 2021, which are effective Jan. 4 through Jan. 31. These rates are used for a variety of farm credit options available through USDA’s Farm Service Agency (FSA).
The CCC’s borrowing rate-based charge is 0.125%, the same as December 2020.
The interest rate for crop year commodity loans less than one year disbursed is 1.125%, the same as December 2020.
Interest rates for Farm Storage Facility Loans are the same as they were in December 2020:
- 0.250% with three-year loan terms
- 0.375% with five-year loan terms
- 0.625% with seven-year loan terms
- 0.875% with 10-year loan terms
- 1.000% with 12-year loan terms
The interest rate for 15-year Sugar Storage Facility Loans is 1.250%, up from 1.125% in December 2020.
FSA loan programs provide low-interest financing to producers to build or upgrade storage facilities and other structures. They also help producers with interim financing to meet cash flow needs. More information on loans can be found at fsa.usda.gov or by contacting your local USDA Service Center.