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USDA Sets July Interest Rates
WASHINGTON - Jul 3/06 - SNS -- The USDA's Commodity Credit Corporation set new interest rates for commodity and marketing assistance loans it has disbursed which will apply on outstanding balances in July.
The interest rate for 1995 and prior crop year commodity loans disbursed is 5.125%, up from 5.000% in June 2006. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during July 2006 is 6.125%, up from 6.000% in June 2006.
The interest rate for farm storage facility loans approved in July 2006 is 5.000%, unchanged from 5.000% in June 2006. The interest rate for sugar storage facility loans for July 2006 is 5.250%, unchanged from 5.250% in June 2006.
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