USDA Announces Lending Rates for June 2014
The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) Monday announced interest rates for June 2014. The CCC borrowing rate-based charge for June is 0.125 percent, unchanged from 0.125 percent in May.
The interest rate for crop year commodity loans less than one year disbursed during June is 1.125 percent, unchanged from 1.125 percent in May.
Interest rates for Farm Storage Facility Loans approved for June are as follows, 2.250 percent with seven-year loan terms, unchanged from 2.125 percent in May; 2.625 percent with 10-year loan terms, down from 2.750 percent in May and; 2.750 percent with 12-year loan terms, down from 2.875 percent in May.
Further program information is available from USDA Farm Service Agency's Financial Management Division at 202-772-6041.