Commodity Credit Corporation Releases Lending Rates for August

The USDA Commodity Credit Corporation, which helps stabilize, support and protect farm income and prices, released interest rates for August. The borrowing rate-based charge is 0.250, down from 0.375 in July, while the 1996 and subsequent crop year commodity and marketing assistance loans dispersed during August is 1.250, which is down from 1.375 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.