NEWS: Wednesday August 11, 2010

Aug 11th @ 9:28 am in News by Scott Staley

An Arizona escapee captured in western Colorado is due in court today where prosecutors will announce whether he’ll face charges stemming from a shootout during his capture. The Daily Sentinel says 36-year-old Daniel Renwick is one of three convicted murderers who escaped from a privately run prison in Arizona July 30. He was due in court Wednesday. Police say Renwick fired shots at them during a chase in and near the town of Rifle August 1st. Police captured Renwick after ramming his SUV with their car. Renwick could be charged with attempted first-degree murder, vehicular eluding, and possession of a weapon by a previous offender. He also faces an escape charge from Arizona. A second escapee was captured Monday in Wyoming. A third escapee and his alleged accomplice remain at large.
Source: Daily Sentinel/AP    (Posted 10:06a)

The U.S. Department of Agriculture’s Commodity Credit Corporation (CCC) has announced interest rates for August 2010. The CCC borrowing rate-based charge for August 2010 is 0.250 percent, down from 0.375 in July 2010. For 1996 and subsequent crop year commodity and marketing assistance loans, the interest rate for loans disbursed during August 2010 is 1.250 percent, down from 1.375 in July 2010.

In accordance with the 2008 Farm Bill, interest rates for Farm Storage Facility Loans approved for August 2010 are as follows, 2.500 percent with seven-year loan terms, down from 2.750 in July 2010, 3.000 percent with 10-year loan terms, down from 3.250 in July 2010, and 3.375 percent with 12-year loan terms, down from 3.500 percent in July 2010. The interest rate for Sugar Storage Facility Loans for August 2010 is 3.625 percent, down from 3.750 in July 2010.

The maximum discount rate applicable for August 2010 for the Tobacco Transition Payment Program is 5 percent, unchanged from July 2010. This is based on the 3.250 percent prime rate plus 2 percent, rounded to the nearest whole number.

Past monthly releases announcing interest rates charged by CCC on commodity and marketing assistance loans disbursed for that particular month reflect the interest rate the U.S. Treasury charged CCC for that month. This was the interest rate specified by CCC since Jan. 1, 1982, but the process of establishing the interest rate was changed by a provision of the Federal Agriculture Improvement and Reform Act of 1996 (the Act), enacted on April 4, 1996.

Section 163 of the Act requires that monthly interest rates applicable to commodity and marketing assistance loans are to be 100 basis points – or 1 percent – greater than the rate determined under the applicable interest rate formula in effect on Oct. 1, 1995. This formula resulted in a rate equivalent to the amount the U.S. Treasury charged CCC for borrowing, for the month.

Further program information is available from USDA Farm Service Agency’s (FSA) Financial Management Division at (703) 305-1386.

USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write: USDA, Director, Office of Civil Rights, 1400 Independence Ave., SW, Washington, D.C. 20250-9410 or call (800) 795-3272 (voice), or (202) 720-6382 (TDD).
Source: Press Release   (Posted 9:27a)