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USDA Sets December Interest Rates
WASHINGTON - Dec 3/07 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for December 2007.
The CCC borrowing rate-based charge is 3.750% for December 2007, down from 4.125% in November 2007. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during December 2007 is 4.750%, down from 5.125% in November 2007.
The interest rate for farm storage facility loans approved for December 2007 is 4.125%, down from 4.375% in November 2007. The interest rate for sugar storage facility loans for December 2007 is 4.625%, down from 4.875% in November 2007.
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