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Crop Loan
Interest Rates
Unchanged
Interest rates for 1981-crop
loans and storage facility and dryer loans made through thfc <U.S.' Department of Agriculture’s Commodity Credit Corporation ^ will remain at. 14.5 percent through January 31, according to ASCS Manager Tom G. Taylor. ^Taylor said the 14.5 percent rate has been in effiect since April 1, when USDA announced it was instituting a "Floating’’ interest rate, subject to adjustment on the 1961-crop and facility loans, . r.
The . variable interest rate on outstanding loans—which enables CCC to adjust rates in line with borrowing costs to ..the U.S. Treasury — will continue in effect, Taylor said.
Beginning February 1, he said. CCC’i policy will be changed to provide: for interest rates on new loans that more accurately reflect interest costs to the corporation.
++++ . The beaten path is the safest.
—Latin Proverb
66.6%