USDA Sets May Interest Rates
WASHINGTON - May 1/14 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for May 2014. The CCC borrowing rate-based charge for May is 0.125%, unchanged from 0.125% in April.
The interest rate for crop year commodity loans less than one year disbursed during May is 1.125%, unchanged from 1.125% in April.
Interest rates for Farm Storage Facility Loans approved for May are as follows, 2.250% with seven-year loan terms, up from 2.125% in April; 2.750% with 10-year loan terms, unchanged from 2.750% in April and; 2.875% with 12-year loan terms, unchanged from 2.875% in April. The interest rate for 15-year Sugar Storage Facility Loans for May is 3.125%, unchanged from 3.125% in April.
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