CCC Rates Announced for August

CCC Rates Announced for August

Most rates unchanged to down slightly.

The U.S. Department of Agriculture's Commodity Credit Corporation has announced interest rates for August 2009. The CCC borrowing rate-based charge is unchanged from July at .500%. The rate for 1996 and subsequent crop year commodity and marketing assistance loans is 1.500%, also unchanged from July.

 

The interest rate for farm storage facility loans approved for August is down slightly to 3.250%. The rate for sugar storage facility loans is down as well. The 4.250% rate is a decrease from 4.500% in July.

 

The maximum discount rate applicable for August for the Tobacco Transition Payment Program is 5%, the same as July. This rate is based on the 3.250% prime rate plus 2% rounded to the nearest whole number.

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