USDA Sets September Interest Rates
WASHINGTON - Sep 1/16 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for September 2016. The CCC borrowing rate-based charge for September is 0.500% , unchanged from 0.500% in August.
The interest rate for crop year commodity loans less than one year disbursed during September is 1.500% , unchanged from 1.500% in August.
Interest rates for Farm Storage Facility Loans approved for September are as follows, .875% with three-year loan terms, up from .750% in August; 1.125% with five-year loan terms, unchanged from 1.250% in August; 1.375% with seven-year loan terms, unchanged from 1.375% in August; 1.500% with 10-year loan terms, unchanged from 1.500% in August and; 1.625% with 12-year loan terms, unchanged from 1.625% in August. The interest rate for 15-year Sugar Storage Facility Loans for September is 1.750% , unchanged from 1.750% in August.
Only active subscribers can read all of this article.
If you are a subscriber, please log into the website.
If you are not a subscriber, click here to subscribe to this edition of the STAT website and to learn more about becoming a subscriber.
