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USDA Announces Commodity Credit Corporation Lending Rates for August 2013

08:38AM Aug 01, 2013


USDA's Commodity Credit Corporation (CCC)
announced the CCC borrowing rate-based charge for August 2013 is 0.125%, unchanged from July. The interest rate for commodity and marketing assistance loans disbursed during August 2013 is 1.125%, which is also unchanged from last month.

Interest rates for Farm Storage Facility Loans approved for August 2013 are as follows, 2.000% with seven-year loan terms, up from 1.500% in July 2013; 2.625% with 10-year loan terms, up from 2.125% in July 2013 and; 2.750% with 12-year loan terms, up from 2.375% in July 2013. The interest rate for Sugar Storage Facility Loans for August 2013 is 3.000%, up from 2.625% in July 2013.

The maximum discount rate applicable for August 2013 for the Tobacco Transition Payment Program is 5%, unchanged from July 2013. This is based on the 3.250% prime rate plus 2%, rounded to the nearest whole number.