WASHINGTON, Aug. 1, 2012 — The U.S. Department of Agriculture’s Commodity Credit Corporation (CCC) today announced interest rates for August 2012. The CCC borrowing rate-based charge for August 2012 is 0.250 percent, unchanged from 0.250 in July 2012. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during August 2012 is 1.250 percent, unchanged from 1.250 in July 2012.
In accordance with the 2008 Farm Bill, interest rates for Farm Storage Facility Loans approved for August 2012 are as follows, 1.000 percent with seven-year loan terms, down from 1.125 in July 2012; 1.625 percent with 10-year loan terms, unchanged from 1.625 in July 2012 and; 1.875 percent with 12-year loan terms, unchanged from 1.875 percent in July 2012. The interest rate for Sugar Storage Facility Loans for August 2012 is 2.000 percent, down from 2.125 in July 2012.
Further program information is available from USDA Farm Service Agency’s (FSA) Financial Management Division at 202-772-6041.