Commodity Credit Corporation Releases Lending Rates for June

The USDA Commodity Credit Corporation, which helps stabilize, support and protect farm income and prices, released interest rates for June. The borrowing rate-based charge is 0.375, down from 0.500 in May, while the 1996 and subsequent crop year commodity and marketing assistance loans dispersed during June is 1.375, which is down from 1.500 percent from last month. Interest rates for Farm Storage Facility Loans and discount rates for the Tobacco Transition Payment Program also are available. Read more.