STAT Communications Ag Market News

USDA Sets September Interest Rates

WASHINGTON - Sep 3/13 - SNS -- The USDA's Commodity Credit Corporation set interest rates for September 2013. The CCC borrowing rate-based charge for September 2013 is 0.125%, unchanged from 0.125% in August 2013.

The interest rate for commodity and marketing assistance loans disbursed during September 2013 is 1.125%, unchanged from 1.125% in August 2013.

Interest rates for Farm Storage Facility Loans approved for September 2013 are as follows, 2.000% with seven-year loan terms, unchanged from 2.000% in August 2013; 2.625% with 10-year loan terms, unchanged from 2.625% in August 2013 and; 2.875% with 12-year loan terms, up from 2.750% in August 2013. The interest rate for Sugar Storage Facility Loans for September 2013 is 3.125%, up from 3.000% in August 2013.

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