Monday, August 1, 2016

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USDA Announces Commodity Credit Corporation Lending Rates for August 2016

WASHINGTON—The U.S. Department of Agriculture's Commodity Credit Corporation today announced interest rates for August 2016. The CCC borrowing rate-based charge for August is 0.500 percent, down from 0.625 percent in July.
The interest rate for crop year commodity loans less than one year disbursed during August is 1.500 percent, down from 1.625 percent in July. 
Interest rates for Farm Storage Facility Loans approved for August are as follows, .750 percent with three-year loan terms, down from 1.000 percent in July; 1.125 percent with five-year loan terms, down from 1.250 percent in July; 1.375 percent with seven-year loan terms, down from 1.500 percent in July; 1.500 percent with 10-year loan terms, down from 1.750 percent in July and; 1.625 percent with 12-year loan terms, down from 1.875 percent in July. The interest rate for 15-year Sugar Storage Facility Loans for August is 1.750 percent, down from 2.000 percent in July.

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