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USDA Sets October Interest Rate
WASHINGTON - Oct 1/08 - SNS -- The USDA's Commodity Credit Corporation (CCC) today announced interest rates for October 2008.
The CCC borrowing rate-based charge is 2.000%, down 2.250 in September 2008. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during October 2008 is 3.000, down from 3.250 in September 2008.
The interest rate for farm storage facility loans approved for October 2008 is 3.250, down 3.625 in September 2008. The interest rate for sugar storage facility loans for October 2008 is 4.250, down from 4.500 in September 2008.
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