USDA Sets September Interest Rates
WASHINGTON - Sep 1/15 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for September 2015. The CCC borrowing rate-based charge for September is 0.375%, up from 0.250% in August.
The interest rate for crop year commodity loans less than one year disbursed during September is 1.375%, up from 1.250% in August.
Interest rates for Farm Storage Facility Loans approved for September are as follows, 2.000% with seven-year loan terms, down from 2.125% in August; 2.250% with 10-year loan terms, down from 2.375% in August and; 2.250% with 12-year loan terms, down from 2.500% in August. The interest rate for 15-year Sugar Storage Facility Loans for September is 2.375%, down from 2.625% in August.
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