USDA announces January Commodity Credit Corporation lending rates

From U.S. Department of Agriculture

WASHINGTON — The U.S. Department of Agriculture’s Commodity Credit Corporation announced Monday the interest rates for January 2021, which are effective Jan. 4-31.

The rates are used for a variety of farm credit options available through USDA’s Farm Service Agency. 

The CCC’s borrowing rate-based charge is 0.125 percent, same as December. 

The interest rate for crop year commodity loans less than one year disbursed is 1.125 percent, same as December.  

Interest rates for Farm Storage Facility Loans are the same as they were for December:

• 0.250 percent with three-year loan terms; 

• 0.375 percent with five-year loan terms;

• 0.625 percent with seven-year loan terms;

• 0.875 percent with 10-year loan terms; and

• 1.000 percent with 12-year loan terms. 

The interest rate for 15-year Sugar Storage Facility Loans is 1.250 percent, up from 1.125 percent in December. 

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 http://fsa.usda.gov or by contacting the local USDA Service Center. 

USDA is an equal opportunity provider, employer and lender.