06-01-16 USDA Announces Commodity Credit Corporation Lending Rates for June 2016…

USDA FSA News Release BannerUSDA Announces Commodity Credit Corporation Lending Rates for June 2016

WASHINGTON, June 1, 2016 — The U.S. Department of Agriculture’s Commodity Credit Corporation (CCC) today announced interest rates for June 2016. The CCC borrowing rate-based charge for June is 0.625 percent, unchanged from 0.625 percent in May.

The interest rate for crop year commodity loans less than one year disbursed during June is 1.625 percent, unchanged from 1.625 percent in May.

Interest rates for Farm Storage Facility Loans approved for June are as follows, 1.000 percent with three-year loan terms, up from 0.875 percent in May; 1.250 percent with five-year loan terms, unchanged from 1.250 percent in May; 1.625 percent with seven-year loan terms, unchanged from 1.625 percent in May; 1.875 percent with 10-year loan terms, up from 1.750 percent in May and; 1.875 percent with 12-year loan terms, unchanged from 1.875 percent in May. The interest rate for 15-year Sugar Storage Facility Loans for June is 2.000 percent, unchanged from 2.000 percent in May.

Further program information is available from USDA Farm Service Agency’s (FSA) Financial Management Division at 202-772-6041.

SOURCE