CCC Rates Announced for February

CCC Rates Announced for February

Interest rates are mostly unchanged or higher.

The U.S. Department of Agriculture's Commodity Credit Corporation has announced interest rates for February 2011. The CCC borrowing rate-based charge is 0.25%, unchanged from January.  The rate for 1996 and subsequent crop year commodity and marketing assistance loans is also unchanged for February at 1.25%.

The interest rates for Farm Storage Facility Loans approved for February 2011 are as follows: For a seven-year loan term the February figure is 2.75%, up from 2.5% in January; for loans with 10-year terms, the interest rate is 3.375%, up from 3.125% last month; and the interest rate for 12-year loan terms for February is 3.625%, up from 3.375% in January 2011.

The interest rate for Sugar Storage Facility Loans for February 2011 is up to 4.0%, compared to January's interest rate of 3.75%.

The maximum discount rate applicable for February 2011 for the Tobacco Transition Payment Program is 5%, unchanged from January 2011. This is based on the 3.25% prime rate plus 2%, rounded to the nearest whole number.

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