USDA Sets August Interest Rates
WASHINGTON - Aug 4/15 - SNS -- The USDA's Commodity Credit Corporation (CCC) set its borrowing rate-based charge for August at 0.250%, unchanged from 0.250% in July.
The interest rate for crop year commodity loans less than one year disbursed during August is 1.250%, unchanged from 1.250% in July.
Interest rates for Farm Storage Facility Loans approved for August are as follows, 2.125% with seven-year loan terms, up from 2.000% in July; 2.375% with 10-year loan terms, up from 2.250% in July and; 2.500% with 12-year loan terms, up from 2.375% in July. The interest rate for 15-year Sugar Storage Facility Loans for August is 2.625%, unchanged from 2.625% in July.
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