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USDA Sets September Interest Rates
WASHINGTON - Sep 1/06 - SNS -- The USDA's Commodity Credit Corporation (CCC) borrowing rate-based charge is 5.125% for September 2006. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during September 2006 is 6.125%, down from 6.250% in August 2006.
The interest rate for farm storage facility loans approved in September 2006 is 4.875%, down from 5.125% in August 2006. The interest rate for sugar storage facility loans for September 2006 is 5.125%, down from 5.250% in August 2006.
The maximum discount rate applicable for September 2006 for the Tobacco Transition Payment Program is 10.0%. This is based on the prime rate of 8.25% plus 2%, rounded to the nearest whole number.
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