CCC interest rates for July are announced

WASHINGTON, D.C. — The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation has announced interest rates for July. The CCC borrowing rate-based charge for July is 2.250 percent, the same as 2.250 percent in June.

The interest rate for crop year commodity loans less than one year disbursed during July is 3.250 percent, the same as 3.250 percent in June.

Interest rates for Farm Storage Facility Loans approved for July are as follows, with change noted from June: 2.625 percent with three-year loan terms, no change; 2.750 percent with five-year loan terms, down from 2.875 percent; 2.875 percent with seven-year loan terms, down from 3.000 percent; 2.875 percent with 10-year loan terms, down from 3.000 percent; and 3.000 percent with 12-year loan terms, no change.

The loan rates set forth by the CCC help to stabilize the incomes of America’s farmers and ranchers, and ensure their continued operations.

Visit farmers.gov for more information on loan eligibility and the application process.