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USDA Sets July Interest Rates
WASHINGTON - Jul 2/12 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for July 2012.
The CCC borrowing rate-based charge for July 2012 is 0.250%, up from 0.125 in June 2012. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during July 2012 is 1.250%, up from 1.125 in June 2012.
In accordance with the 2008 Farm Bill, interest rates for Farm Storage Facility Loans approved for July 2012 are as follows, 1.125% with seven-year loan terms, down from 1.250 in June 2012; 1.625% with 10-year loan terms, down from 1.875 in June 2012 and; 1.875% with 12-year loan terms, down from 2.125% in June 2012. The interest rate for Sugar Storage Facility Loans for July 2012 is 2.125%, down from 2.375 in June 2012.
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