USDA Sets August Interest Rates
WASHINGTON Aug 1/16 -- SNS -- Aug. 1, 2016 The SDA's Commodity Credit Corporation (CCC) today announced interest rates for August 2016. The CCC borrowing rate-based charge for August is 0.500%, down from 0.625% in July.
The interest rate for crop year commodity loans less than one year disbursed during August is 1.500%, down from 1.625% in July.
Interest rates for Farm Storage Facility Loans approved for August are as follows, .750% with three-year loan terms, down from 1.000% in July; 1.125% with five-year loan terms, down from 1.250% in July; 1.375% with seven-year loan terms, down from 1.500% in July; 1.500% with 10-year loan terms, down from 1.750% in July and; 1.625% with 12-year loan terms, down from 1.875% in July. The interest rate for 15-year Sugar Storage Facility Loans for August is 1.750%, down from 2.000% in July.
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