Farm Progress is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Serving: United States

CCC Interest Rates Set

Interest rate for loans disbursed during December 2004 is 3.375%.

The interest rate for 1995 and prior crop year commodity loans disbursed by USDA's Commodity Credit Corporation (CCC) during December 2004 is 2.375%, up from 2.250% in November 2004. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during December 2004 is 3.375%, up from 3.250% in November 2004.

The interest rate for farm storage facility loans approved in December 2004 is 3.750%, unchanged from November 2004. The interest rate for sugar storage facility loans for December 2004 is 4.625%, up from 4.500% in November 2004.

Past monthly releases announcing interest rates charged by CCC on commodity and marketing assistance loans disbursed for that particular month reflected the interest rate the U.S. Treasury charged CCC for that month. This was the interest rate specified by CCC since Jan. 1, 1982, but the process of establishing the interest rate was changed by a provision of the Federal Agriculture Improvement and Reform Act of 1996 (the Act), enacted on April 4, 1996.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.