The U.S. Department of Agriculture’s Commodity Credit Corporation has announced interest rates for July 2009. The CCC borrowing rate-based charge is .500-percent - unchanged from June. The rate for 1996 and subsequent crop year commodity and marketing assistance loans is 1.500-percent - also unchanged from June.

The interest rate for farm storage facility loans approved for July is 3.250-percent. That’s up from 2.625-percent in June. The rate for sugar storage facility loans is up as well. The 4.500-percent rate is an increase from the 4.000-percent June rate.

The maximum discount rate applicable for July for the Tobacco Transition Payment Program is five-percent - the same as June. This rate is based on the 3.250-percent prime rate plus two-percent - rounded to the nearest whole number.