The USDA's Commodity Credit Corporation has announced interest rates for January of 2009. The CCC borrowing rate-based charge is .625% — down from the December rate of 1.25%. The rate for 1996 and subsequent crop year commodity and marketing assistance loans is also down from December at 1.625%.
The interest rate for farm storage facility loans approved for January has been lowered from 3% to 2.125%. The rate for sugar storage facility loans for January is down as well. The 3.5% is a decrease from the 4.5 interest rate last month.
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