STAT Communications Ag Market News

USDA Sets August Interest Rates

WASHINGTON - Aug 3/20 - SNS -- The USDA's Commodity Credit Corporation set interest rates for August at 0.125%, unchanged from July.

The interest rate for crop year commodity loans less than one year disbursed during August is 1.125%, same as in July.

Interest rates for Farm Storage Facility Loans approved for August are as follows:

- 0.250% with three-year loan terms, same as in July;

- 0.250% with five-year loan terms, down from 0.375 in July;

- 0.500% with seven-year loan terms, same as in July;

- 0.625% with 10-year loan terms, down from 0.750% in July; and

- 0.750% with 12-year loan terms, down from 0.875 as in July.

The interest rate for 15-year Sugar Storage Facility Loans for August is 0.875%, down from 1.000% in July.

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