Shelbyville Daily Union

Local News

March 5, 2013

USDA announces Commodity Credit Corporation lending rates for March 2013

WASHINGTON, March 1, 2013 — U.S. Department of Agriculture’s Commodity Credit Corporation (CCC) today announced interest rates for March 2013. The CCC borrowing rate-based charge for March 2013 is 0.125 percent, unchanged from 0.125 in February 2013. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during March 2013 is 1.125 percent, unchanged from 1.125 in February 2013.

Interest rates for Farm Storage Facility Loans approved for March 2013 are as follows, 1.375 percent with seven-year loan terms, up from 1.250 in February 2013; 2.000 percent with 10-year loan terms, up from 1.875 in February 2013 and; 2.250 percent with 12-year loan terms, up from 2.125 percent in February 2013. The interest rate for Sugar Storage Facility Loans for March 2013 is 2.500 percent, up from 2.375 in February 2013.

The maximum discount rate applicable for March 2013 for the Tobacco Transition Payment Program is 5 percent, unchanged from February 2013. This is based on the 3.250 percent prime rate plus 2 percent, rounded to the nearest whole number.

Past monthly releases announcing interest rates charged by CCC on commodity and marketing assistance loans disbursed for that particular month reflect the interest rate the U.S. Treasury charged CCC for that month. This was the interest rate specified by CCC since Jan. 1, 1982, but the process of establishing the interest rate was changed by a provision of the Federal Agriculture Improvement and Reform Act of 1996 (the Act), enacted on April 4, 1996.

Section 163 of the Act requires that monthly interest rates applicable to commodity and marketing assistance loans are to be 100 basis points — or 1 percent — greater than the rate determined under the applicable interest rate formula in effect on Oct. 1, 1995. This formula resulted in a rate equivalent to the amount the U.S. Treasury charged CCC for borrowing, for the month.

Further program information is available from USDA Farm Service Agency’s (FSA) Financial Management Division at 202-772-6041.

USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write to USDA, Assistant Secretary for Civil Rights, Office of the Assistant Secretary for Civil Rights, 1400 Independence Avenue, S.W., Stop 9410, Washington, DC 20250-9410, or call toll-free at (866) 632-9992 (English) or (800) 877-8339 (TDD)or (866) 377-8642 (English Federal-relay) or (800) 845-6136 (Spanish Federal-relay).

1
Text Only
Local News
  • Man fatally shot in Pana standoff, officer wounded

     Illinois authorities have identified a man who shot and wounded a police officer before being killed by troopers during an exchange of gunfire.

    July 29, 2014

  • Drowning victim identified

    A weekend drowning victim has been identified by the Shelby County Sheriff's office.

    July 28, 2014

  • Heroin addiction in Illinois: A community problem of epidemic proportions In Illinois, heroin addiction is a growing problem. Overdose and deaths as a result of heroin abuse are issues now faced by every community in our State. No small town is exempt from this growing epidemic. Today, towns such as: Stewardson, Beecher Ci

    July 28, 2014

  • 072914 trail work pic 2 Local volunteers assist AmeriCorps workers on Illini Trail The AmeriCorps NCCC crew got a boost of help on July 19 from community volunteers to work on the Chief Illini Trail at Lake Shelbyville.The crew is rehabilitating the trail, which has been neglected over time. The 11-mile hiking trail runs between Lo

    July 28, 2014 2 Photos

  • Sherry Kay Spitzner Flora Sherry Kay Spitzner, 54, of Flora passed away at 4:29 a.m. Friday (July 25, 2014) at the Clay County Hospital, Flora.Funeral services will be held at 11:00 a.m. Tuesday in the Lockart-Green Funeral Home, Cowden with Pastor Mark Smith officiating. Vis

    July 28, 2014

  • Drowning death reported

    A Shelbyville woman is the apparently victim of a drowning Sunday morning.

    July 27, 2014

  • Lake Shelbyville tree stand permits available for 2014-15 Lake Shelbyville - The U.S. Army Corps of Engineers would like to announce that the Lake Shelbyville Tree Stand Policy for this season will remain the same as it was last season. The policy allows hunters to leave one seasonal tree stand up for the d

    July 24, 2014

  • Aquafest at Dam West Beach Aug. 2 Lake Shelbyville - Aquafest at Dam West Beach is no ordinary day at the beach. The Lake Shelbyville, U.S. Army Corps of Engineers will be hosting Aquafest for Saturday, August 2, from noon to 4:00 p.m. Children and adults of ages all are welcome to a

    July 24, 2014

  • Shelbyville Edward Jones office to collect school supplies Tad Mayhall, an Edward Jones financial advisor in Shelbyville, is supporting the Shelbyville schools by using his office as a drop-off location for a school supplies drive.Local residents and businesses may help by bringing in items to the Edward Jon

    July 24, 2014

  • SMHGirls Night Out on Know Your Medications SHELBYVILLE, IL, – According to the National Health Institute, close to 40% of Americans receive prescriptions for four or more medications. Medication is a powerful tool in a healthcare professional’s tool kit, but when combined with over-the-counte

    July 21, 2014

Featured Ads
AP Video
Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN Raw: Deadly Landslide Hits Indian Village Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways Raw: Thousands Flocking to German Crop Circle At Least 20 Chikungunya Cases in New Jersey Raw: Obama Eats Ribs in Kansas City In Virginia, the Rise of a New Space Coast Raw: Otters Enjoy Water Slides at Japan Zoo NCAA Settles Head-injury Suit, Will Change Rules Raw: Amphibious Landing Practice in Hawaii Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA
Poll

Should the minimum wage for workers be raised in Illinois?

Yes
No
     View Results
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Helium debate
Helium