Commodity Credit Corporation's (CCC) variable interest rate for 2011 commodity loans disbursed in May 2012 is 1.125 percent per annum. CCC's commodity loan program for corn, cotton, rice, grain sorghum, soybeans, sugar, wool, honey, peanuts, wheat, and pulse crops is administered by USDA's Farm Service Agency (FSA).


Commodity Credit Corporation's (CCC) variable interest rate for 2011 commodity loans disbursed in May 2012 is 1.125 percent per annum. CCC's commodity loan program for corn, cotton, rice, grain sorghum, soybeans, sugar, wool, honey, peanuts, wheat, and pulse crops is administered by USDA's Farm Service Agency (FSA).
The regular loan interest rate on commodity loans is based on the rate in effect on the date the loan is disbursed, subject to adjustment each succeeding January 1. The Commodity Credit Corporation's interest rate is based on the monthly rate established by the United States Treasury as their cost of borrowing money, plus one percent. FSA makes commodity loans to farmers using their commodity for collateral in securing a loan.
Loans for all commodities mature on demand, but no later than the last day of the ninth calendar month following the month in which the loan is disbursed.
The interest rate for farm storage facility loans approved in May 2012 is 1.500 percent for a seven year term, 2.125 percent for a 10 year term and 2.375 percent for a 12 year term. The interest rate for sugar storage facility loans during May 2012 is 2.625 percent. Anyone having questions about the current interest rate or the CCC commodity loan program should contact their local Parish FSA Office.