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USDA Announces Commodity Credit Corporation Lending Rates For July 2015

The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced interest rates for July 2015. The CCC borrowing rate-based charge for July is 0.250 percent, unchanged from 0.250 percent in June.
 
The interest rate for crop year commodity loans less than one year disbursed during July is 1.250 percent, unchanged from 1.250 percent in June.
 
Interest rates for Farm Storage Facility Loans approved for July are as follows, 2.000 percent with seven-year loan terms, up from 1.875 percent in June; 2.250 percent with 10-year loan terms, up from 2.125 percent in June and; 2.375 percent with 12-year loan terms, up from 2.250 percent in June. The interest rate for 15-year Sugar Storage Facility Loans for July is 2.625 percent, up from 2.375 percent in June.
 

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We CAN'T HARVEST Anymore Corn!

Video: We CAN'T HARVEST Anymore Corn!

The bin build is up against it now. We've run out of room in the old system using the old dryer. The new dryer and new bins are not yet ready to use. Harvest holdups usually include weather and breakdowns, but this time we're sitting idle because we just have no place to go with our crop. And the harvest we have done has been really inefficient with no grain cart!