USDA Announces Commodity Credit Corporation Lending Rates For July 2016

The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced interest rates for July 2016. The CCC borrowing rate-based charge for July is 0.625 percent, unchanged from 0.625 percent in June.

The interest rate for crop year commodity loans less than one year disbursed during July is 1.625 percent, unchanged from 1.625 percent in June.

Interest rates for Farm Storage Facility Loans approved for July are as follows, 1.000 percent with three-year loan terms, unchanged from 1.000 percent in June; 1.250 percent with five-year loan terms, unchanged from 1.250 percent in June; 1.500 percent with seven-year loan terms, down from 1.625 percent in June; 1.750 percent with 10-year loan terms, down from 1.875 percent in June and; 1.875 percent with 12-year loan terms, unchanged from 1.875 percent in June. The interest rate for 15-year Sugar Storage Facility Loans for July is 2.000 percent, unchanged from 2.000 percent in June.

Source:usda.gov