USDA Sets August Interest Rates
WASHINGTON - Aug 1/14 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for August 2014. The CCC borrowing rate-based charge for August is 0.125%, unchanged from 0.125% in July.
The interest rate for crop year commodity loans less than one year disbursed during August is 1.125%, unchanged from 1.125% in July.
Interest rates for Farm Storage Facility Loans approved for August are as follows, 2.125% with seven-year loan terms, unchanged from 2.125% in July; 2.625% with 10-year loan terms, unchanged from 2.625% in July and; 2.750% with 12-year loan terms, unchanged from 2.750% in July. The interest rate for 15-year Sugar Storage Facility Loans for August is 2.875%, unchanged from 2.875% in July.
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