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THE U.S. Department of Agriculture (USDA) announced on October 1, an increase in the interest rate on price-support commodity loans and on storage facility and drying equipment loans made by Commodity Credit Corporation (CCC).
According to Thomas R. Taylor, Chairman, Rappahannock County Agricultural Stabilization and Conservation Committee (ASC), the increases, from 7.25 to 9.375 percent per annum on commodity loans and from 8.75 to 9.375 percent per annum on storage facility and drying equipment loans will more nearly reflect the
98.5%