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USDA Sets July Interest Rates
WASHINGTON - Jul 2/07 - SNS -- The USDA's Commodity Credit Corporation (CCC) today announced interest rates for July 2007. The CCC borrowing rate-based charge is 5.000% for July 2007, up from 4.875% in June 2007.
For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during July 2007 is 6.000%, up from 5.875% in June 2007.
The interest rate for farm storage facility loans approved for July 2007 is 5.000%, up from 4.625% in June 2007. The interest rate for sugar storage facility loans for July 2007 is 5.250%, up from 4.875% in June 2007.
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