USDA Sets April Interest Rates
WASHINGTON - Apr 1/16 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for April 2016. The CCC borrowing rate-based charge for April is 0.625%, up from 0.500% in March.
The interest rate for crop year commodity loans less than one year disbursed during April is 1.625%, up from 1.500% in March.
Interest rates for Farm Storage Facility Loans approved for April are as follows, 1.625% with seven-year loan terms, unchanged from 1.625% in March; 1.875% with 10-year loan terms, unchanged from 1.875% in March and; 2.000% with 12-year loan terms, unchanged from 2.000% in March. The interest rate for 15-year Sugar Storage Facility Loans for April is 2.125%, unchanged from 2.125% in March.
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