USDA Announces Commodity Credit Corporation Lending Rates for November 2015

WASHINGTON, – November 2, 2015 – (RealEstateRama) — The U.S. Department of Agriculture’s Commodity Credit Corporation (CCC) today announced interest rates for November 2015. The CCC borrowing rate-based charge for November is 0.250 percent, down from 0.375 percent in October.

The interest rate for crop year commodity loans less than one year disbursed during November is 1.250 percent, down from 1.375 percent in October.

Interest rates for Farm Storage Facility Loans approved for November are as follows, 1.750 percent with seven-year loan terms, down from 1.875 percent in October; 2.125 percent with 10-year loan terms, unchanged from 2.125 percent in October and; 2.250 percent with 12-year loan terms, down from 2.375 percent in October. The interest rate for 15-year Sugar Storage Facility Loans for November is 2.375 percent, down from 2.500 percent in October.

Further program information is available from USDA Farm Service Agency’s (FSA) Financial Management Division at 202-772-6041.

USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users).

Contact: Isabel Benemelis
(202) 720-7809

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USDA

The United States Department of Agriculture (informally the Agriculture Department or USDA) is the United States federal executive department responsible for developing and executing U.S. federal government policy on farming, agriculture, and food. It aims to meet the needs of farmers and ranchers, promote agricultural trade and production, work to assure food safety, protect natural resources, foster rural communities and end hunger in the United States and abroad.

Contact:

Weldon Freeman
Phone: (202) 690-1384

U.S. Department of Agriculture
1400 Independence Ave., S.W.
Washington, DC 20250

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