USDA Sets July Interest Rastes
WASHINGTON - Jul 3/18 - SNS -- The USDA's Commodity Credit Corporation set interest rates for July 2018. The Commodity Credit Corporation borrowing rate-based charge for July is 2.250%, the same as 2.250% in June.
The interest rate for crop year commodity loans less than one year disbursed during July is 3.250%, the same as 3.250% in June.
Interest rates for Farm Storage Facility Loans approved for July are as follows: 2.625% with three-year loan terms, the same as 2.625% in June; 2.750% with five-year loan terms, down from 2.875% in June; 2.875% with seven-year loan terms, down from 3.000% in June; 2.875% with 10-year loan terms, down from 3.000% in June and; 3.000% with 12-year loan terms, the same as 3.000% in June. The interest rate for 15-year Sugar Storage Facility Loans for July is 3.000, the same as 3.000% in June.