USDA Announces Commodity Credit Corporation Lending Rates for December 2020

Dec 02, 2020

The U.S. Department of Agriculture’s Commodity Credit Corporation today announced interest rates for December 2020, which are effective December 1-December 31, 2020.

The Commodity Credit Corporation borrowing rate-based charge for December is 0.125%, same as in November.

The interest rate for crop year commodity loans less than one year disbursed during December is 1.125%, same as in November.

Interest rates for Farm Storage Facility Loans approved for December are as follows:

0.250% with three-year loan terms, up from 0.125 in November;
0.375% with five-year loan terms, up from 0.250 in November;
0.625% with seven-year loan terms, up from 0.500 in November;
0.875% with 10-year loan terms, up from 0.750 in November; and
1.000% with 12-year loan terms, up from 0.875 in November.
The interest rate for 15-year Sugar Storage Facility Loans for December is 1.125%, up from 1.000% in November.

The loan programs administered by the Farm Service Agency help stabilize the incomes of America’s farmers and ranchers.

Source : usda.gov

Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.