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USDA Announces CCC Lending Rates for April
USAgNet - 04/07/2020

The U.S. Department of Agriculture's Commodity Credit Corporation announced interest rates for April, which are effective through April 30. The Commodity Credit Corporation borrowing rate-based charge for April is 0.625 percent, down from 1.500 percent in March.

The interest rate for crop year commodity loans less than one year disbursed during April is 1.625 percent, down from 2.500 in March. Interest rates for Farm Storage Facility Loans approved for April are as follows:

- 0.750 percent with three-year loan terms, down from 1.375 percent in March.

- 0.750 percent with five-year loan terms, down from 1.375 percent in March.

- 1.000 percent with seven-year loan terms, down from 1.500 percent in March.

- 1.000 percent with 10-year loan terms down from 1.625 percent in March, and

- 1.125 percent with 12-year loan terms, down from 1.625 percent in March.

The interest rate for 15-year Sugar Storage Facility Loans for April is 1.250 percent, down from 1.750 percent in March.

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

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