|CCC interest rates announced|
Commodity Credit Corporation's (CCC) variable interest rate for 2011 commodity loans disbursed in March 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).
Tom Carroll, Chairman of the FSA County Committee for Franklin Parish, said that 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.
For the full story, subscribe to the The Franklin Sun's NEW E-Edition!