Commodity Credit Corporation Releases Lending Rates for May
The USDA Commodity Credit Corporation, which helps stabilize, support and protect farm income and prices, released interest rates for May 2012. The borrowing rate-based charge is 0.125, which is unchanged from April 2012, while the 1996 and subsequent crop year commodity and marketing assistance loans dispersed during May is 1.125, unchanged from last month. Interest rates for Farm Storage Facility Loans and discount rates for the Tobacco Transition Payment Program also are available. Read more.