USDA Sets August Iny┐terest Rates

WASHINGTON - Aug 1/17 - SNS -- The USDA's (USDA) Commodity Credit Corporation set interest rates for August 2017.

The Commodity Credit Corporation borrowing rate-based charge for August is 1.250%, up from 1.125% in July.

The interest rate for crop year commodity loans less than one year disbursed during August is 2.250%, up from 2.125% in July.

Interest rates for Farm Storage Facility Loans approved for August are as follows, 1.500% with three-year loan terms, unchanged from 1.500% in July; 1.875% with five-year loan terms, up from 1.750% in July; 2.125% with seven-year loan terms, up from 2.000% in July; 2.250% with 10-year loan terms, unchanged from 2.250% in July and; 2.375% with 12-year loan terms, up from 2.250% in July. The interest rate for 15-year Sugar Storage Facility Loans for August is 2.375%, unchanged from 2.375% in July.