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USDA Sets April Interest Rate
WASHINGTON - Apr 1/08 - SNS -- The USDA's Commodity Credit Corporation set interest rates for April 2008.
The CCC borrowing rate-based charge is 1.625%, down from 2.125% in March 2008. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during April 2008 is 2.625%, down from 3.125% in March 2008.
The interest rate for farm storage facility loans approved for April 2008 is 3.000%, down from 3.125% in March 2008. The interest rate for sugar storage facility loans for April 2008 is 4.250%, unchanged from March 2008.
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