Farms.com Home   News

USDA Announces Commodity Credit Corporation Lending Rates For March 2015

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

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

Interest rates for Farm Storage Facility Loans approved for March are as follows, 1.750 percent with seven-year loan terms, down from 1.875 percent in February; 1.875 percent with 10-year loan terms, down from 2.000 percent in February and; 2.000 percent with 12-year loan terms, down from 2.125 percent in February. The interest rate for 15-year Sugar Storage Facility Loans for March is 2.125 percent, down from 2.250 percent in February.

Source:usda.gov


Trending Video

The Unveiling Of A Brand New Tractor! Brand New Caseih Magnum!!

Video: The Unveiling Of A Brand New Tractor! Brand New Caseih Magnum!!

Case IH invited us out to an event in Racine, Wisconsin, and it turned out to be an absolute trip of a lifetime! CaseIH is celebrating the 250th anniversary in style!! Very cool to be apart of this event!

We kicked things off with an incredible deep-dive into the rich history of Case IH and the legendary Magnum tractor lineup. From there, we got exclusive, behind-the-scenes access to the official Case IH testing facility to see how these massive machines are pushed to their absolute limits.

But the real highlight came after the tour. We were transported to a location for the main event: the grand unveiling of a brand-new, completely custom, 1-of-1 tractor named "Providence."

A massive thank you to Case IH for inviting us out and letting us bring you guys along for the ride. This was an experience we won't ever forget!

Drop a comment below: What do you think of the "Providence" Magnum?!