USDA Sets July Interest Rates
WASHIONGTON - Jul 3/16 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for July 2016. The CCC borrowing rate-based charge for July is 0.625%, unchanged from 0.625% in June.
The interest rate for crop year commodity loans less than one year disbursed during July is 1.625%, unchanged from 1.625% in June.
Interest rates for Farm Storage Facility Loans approved for July are as follows, 1.000% with three-year loan terms, unchanged from 1.000% in June; 1.250% with five-year loan terms, unchanged from 1.250% in June; 1.500% with seven-year loan terms, down from 1.625% in June; 1.750% with 10-year loan terms, down from 1.875% in June and; 1.875% with 12-year loan terms, unchanged from 1.875% in June. The interest rate for 15-year Sugar Storage Facility Loans for July is 2.000%, unchanged from 2.000% in June.
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