Texas Agriculture Daily News
USDA announces January 2013 lending rates
Wednesday, January 02, 2013
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Loans through the U.S. Department of Agriculture’s Commodity Credit Corporation will hold an interest rate of 0.125 percent this month, according to a report released by the USDA.
The borrowing rate remains unchanged from December 2012.
For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during January is 1.125 percent. That’s also unchanged from the December rate.
The rates for Farm Storage Facility Loans, 1.125 percent for a seven-year term, and for Sugar Storage Facility Loans, 2.125 percent, also remain unchanged.
For more information, visit USDA.gov or contact the USDA Farm Service Agency’s Financial Management Division at 202-772-6041.
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