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USDA Announces CCC Lending Rates for August
USAgNet - 08/05/2020
The U.S. Department of Agriculture's Commodity Credit Corporation Tuesday announced interest rates for August, which are effective Aug. 1 to 31.
The Commodity Credit Corporation borrowing rate-based charge for August is 0.125%, same as in 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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