USDA Sets October Interets Rates
WASHINGTON - Oct 1/15 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for October 2015.
The CCC borrowing rate-based charge for October is 0.375%, unchanged from 0.375% in September.
The interest rate for crop year commodity loans less than one year disbursed during October is 1.375%, unchanged from 1.375% in September.
Interest rates for Farm Storage Facility Loans approved for September are as follows, 1.875% with seven-year loan terms, down from 2.000% in September; 2.125% with 10-year loan terms, down from 2.250% in September and; 2.375% with 12-year loan terms, up from 2.250% in September. The interest rate for 15-year Sugar Storage Facility Loans for October is 2.500%, up from 2.375% in September.
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