USDA announces CCC lending rates for February

WASHINGTON, D.C. — The U.S. Department of Agriculture’s Commodity Credit Corporation has announced interest rates for February. The CCC borrowing rate-based charge for February is 2.625 percent, the same as in January.

The interest rate for crop year commodity loans less than one year disbursed during February is 3.625 percent, the same as in January.

Interest rates for Farm Storage Facility Loans approved for February are as follows, with change noted from January: 2.500 percent with three-year loan terms, down from 2.750; 2.500 percent with five-year loan terms, down from 2.750; 2.625 percent with seven-year loan terms, down from 2.875; 2.750 percent with 10-year loan terms, down from 2.875; and 2.750 percent with 12-year loan terms, down from 3.000.

The loan rates set forth by the CCC help to stabilize the incomes of America’s farmers and ranchers, and ensure their continued operations.

For more information on loan eligibility and the application process, visit farmers.gov.