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USDA Sets Interest Rate for October
WASHINGTON - Oct 2/06 - SNS -- The USDA's Commodity Credit Corporation (CCC) lowered interest rates charged on outstanding commodity and marketing assistance loans.
The CCC borrowing rate-based charge is 5.000% for October 2006, down from 5.125% in September 2006. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during October 2006 is 6.000%, down from 6.125% in September 2006.
The interest rate for farm storage facility loans approved for October 2006 is 4.750%, down from 4.875% in September 2006. The interest rate for sugar storage facility loans for October 2006 is 5.000%, down from 5.125% in September 2006.
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