CCC Raises Interest Rates for July

July 2, 2012 04:05 AM

USDA's Commodity Credit Corporation (CCC) today announced interest rates for July 2012. The CCC borrowing rate-based charge for July 2012 is 0.250%, up from 0.125% in last month. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during July 2012 is 1.250%, up from 1.125% in June.

In accordance with the 2008 Farm Bill, interest rates for Farm Storage Facility Loans approved for July 2012 are as follows: 1.125% with seven-year loan terms, down from 1.250% in June; 1.625% with 10-year loan terms, down from 1.875%; and 1.875% with 12-year loan terms, down from 2.125%. The interest rate for Sugar Storage Facility Loans for July 2012 is 2.125%, down from 2.375% in June 2012.

The maximum discount rate applicable for July 2012 for the Tobacco Transition Payment Program is 5%, unchanged from month ago. This is based on the 3.250% prime rate plus 2%, rounded to the nearest whole number.

Click here for more details.


Back to news


Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by
Brought to you by Beyer