USDA Sets November Interest Rates
WASHINGTON - Nov 10/11 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for November 2016. The CCC borrowing rate-based charge for November is 0.625%, unchanged from 0.625% in October.
The interest rate for crop year commodity loans less than one year disbursed during November is 1.625%, unchanged from 1.625% in October.
Interest rates for Farm Storage Facility Loans approved for November are as follows, 1.000% with three-year loan terms, up from 0.875% in October; 1.250% with five-year loan terms, up from 1.125% in October; 1.500% with seven-year loan terms, unchanged from 1.500% in October; 1.750% with 10-year loan terms, up from 1.625% in October and; 1.750% with 12-year loan terms, unchanged from 1.750% in October. The interest rate for 15-year Sugar Storage Facility Loans for November is 1.875%, up from 1.750% in October.
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