02/22/2019
  • 11:57 am Bladen’s Best of the Best for 2019
  • 11:35 am Updated news about Bladen County Election Investigations
  • 4:35 pm Tillis & Sinema Introduce Bipartisan Legislation To Give Veterans Who Honorably Served Access To The American Legion
  • 4:01 pm Arraignment date for former Elizabethtown doctor and girlfriend rescheduled
  • 3:56 pm Letter to the Editor: Rebuttal to Sen. Thom Tillis’ Requests More Details From Administration On Offshore Drilling And Plans To Protect North Carolina
  • 2:33 pm State to hold last of two public meetings on draft Animal Feeding Operations General Permits
  • 2:03 pm Proposed legislation to make cell phone use while driving illegal in NC
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USDA

Contributed

WASHINGTON, February 1, 2019 – The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation, today, announced interest rates for February 2019, which are effective February 1 – February 28, 2019. The Commodity Credit Corporation borrowing rate-based charge for February is 2.625 percent, the same as 2.625 percent in January.

The interest rate for crop year commodity loans less than one year disbursed during February is 3.625 percent, the same as 3.625 percent in January.

Interest rates for Farm Storage Facility Loans approved for February are as follows: 2.500 percent with three-year loan terms, down from 2.750 in January; 2.500 percent with five-year loan terms, down from 2.750 percent in January; 2.625 percent with seven-year loan terms, down from 2.875 percent in January; 2.750 percent with 10-year loan terms, down from 2.875 percent in January and; 2.750 percent with 12-year loan terms, down from 3.000 percent in January. The interest rate for 15-year Sugar Storage Facility Loans for December is 2.875, down from 3.000 percent in January.

The loan rates set forth by the Commodity Credit Corporation help to stabilize the incomes of America’s farmers and ranchers, and ensure their continued operations.

Visit https://www.farmers.gov for more information on loan eligibility, the application process or to find your local service center.

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