Aug 1 - The U.S. Department of Agriculture's Commodity Credit Corporation has announced interest rates for August 2013. The CCC borrowing rate-based charge for August 2013 is 0.125 percent, unchanged from 0.125 percent in July 2013.
The interest rate for commodity and marketing assistance loans disbursed during August 2013 is 1.125 percent, unchanged from 1.125 percent in July 2013.
Interest rates for Farm Storage Facility Loans approved for August 2013 are as follows, 2.000 percent with seven-year loan terms, up from 1.500 percent in July 2013; 2.625 percent with 10-year loan terms, up from 2.125 percent in July 2013 and; 2.750 percent with 12-year loan terms, up from 2.375 percent in July 2013. The interest rate for Sugar Storage Facility Loans for August 2013 is 3.000 percent, up from 2.625 percent in July 2013.
The maximum discount rate applicable for August 2013 for the Tobacco Transition Payment Program is 5 percent, unchanged from July 2013. This is based on the 3.250 percent prime rate plus 2 percent, rounded to the nearest whole number.
Further program information is available from USDA Farm Service Agency's Financial Management Division at 202-772-6041.