CCC Rates Announced for July

Rates are raised across the board.

The U.S. Department of Agriculture's Commodity Credit Corporation has announced interest rates for July 2008. The CCC borrowing rate-based charge is 2.375%, up from the June rate of 2%. The rate for 1996 and subsequent crop year commodity and marketing assistance loans is 3.375, also up from June.

At 3.625, the interest rate for farm storage facility loans approved for July has also increased. The June rate was 3.375%. The interest rate for sugar storage facility loans for July is up from 4.5% to 4.625%.

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