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USDA Announces Commodity Credit Corporation Lending Rates for July 2014

July 1, 2014

WASHINGTON, July 1 -- The U.S. Department of Agriculture'sFarm Service Agency issued the following news release: The U.S. Department of Agriculture'sCommodity Credit Corporation (CCC) today announced interest rates for July 2014. The CCC borrowing rate-based charge for July is 0.125 percent, unchanged from 0.125 percent in June.

The interest rate for crop year commodity loans less than one year disbursed during July is 1.125 percent, unchanged from 1.125 percent in June.

Interest rates for Farm Storage Facility Loans approved for July are as follows, 2.125 percent with seven-year loan terms, down from 2.250 percent in June; 2.625 percent with 10-year loan terms, unchanged from 2.625 percent in June and; 2.750 percent with 12-year loan terms, unchanged from 2.750 percent in June. The interest rate for 15-year Sugar Storage Facility Loans for July is 2.875 percent, down from 3.000 percent in June.

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

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Source: Targeted News Service

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