USDA Sets June Interest Rates
WWASHINGTON - Jun 1/16 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for June 2016. The CCC borrowing rate-based charge for June is 0.625%, unchanged from 0.625% in May.
The interest rate for crop year commodity loans less than one year disbursed during June is 1.625%, unchanged from 1.625% in May.
Interest rates for Farm Storage Facility Loans approved for June are as follows, 1.000% with three-year loan terms, up from 0.875% in May; 1.250% with five-year loan terms, unchanged from 1.250% in May; 1.625% with seven-year loan terms, unchanged from 1.625% in May; 1.875% with 10-year loan terms, up from 1.750% in May and; 1.875% with 12-year loan terms, unchanged from 1.875% in May. The interest rate for 15-year Sugar Storage Facility Loans for June is 2.000%, unchanged from 2.000% in May.
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