USDA Announces Commodity Credit Corporation Lending Rates For February 2015

Feb 03, 2015

The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced interest rates for February 2015. The CCC borrowing rate-based charge for February is 0.250 percent, up from 0.125 percent in January.

The interest rate for crop year commodity loans less than one year disbursed during February is 1.250 percent, up from 1.125 percent in January.

Interest rates for Farm Storage Facility Loans approved for February are as follows, 1.875 percent with seven-year loan terms, down from 2.000 percent in January; 2.000 percent with 10-year loan terms, down from 2.250 percent in January and; 2.125 percent with 12-year loan terms, down from 2.375 percent in January. The interest rate for 15-year Sugar Storage Facility Loans for February is 2.250 percent, down from 2.500 percent in January.

Source:usda.gov

Video: A chain harrow is a game changer

Utilizing a rotational grazing method on our farmstead with our sheep helps to let the pasture/paddocks rest. We also just invested in a chain harrow to allow us to drag the paddocks our sheep just left to break up and spread their manure around, dethatch thicker grass areas, and to rough up bare dirt areas to all for a better seed to soil contact if we overseed that paddock. This was our first time really using the chain harrow besides initially testing it out. We are very impressed with the work it did and how and area that was majority dirt, could be roughed up before reseeding.

Did you know we also operate a small business on the homestead. We make homemade, handcrafted soaps, shampoo bars, hair and beard products in addition to offering our pasture raised pork, lamb, and 100% raw honey. You can find out more about our products and ingredients by visiting our website at www.mimiandpoppysplace.com. There you can shop our products and sign up for our monthly newsletter that highlights a soap or ingredient, gives monthly updates about the homestead, and also lists the markets, festivals, and events we’ll be attending that month.