USDA Sets March Interest Rates



WASHINGTON - Mar 1/17 - SNS -- The USDA's Commodity Credit Corporation (CCC) set interest rates for March 2017. The CCC borrowing rate-based charge for March is 0.875%, unchanged from 0.875% in February.

The interest rate for crop year commodity loans less than one year disbursed during March is 1.875%, unchanged from 1.875% in February.

Interest rates for Farm Storage Facility Loans approved for March are as follows, 1.500% with three-year loan terms, unchanged from 1.500% in February; 1.875% with five-year loan terms, down from 2.000% in February; 2.250% with seven-year loan terms, unchanged from 2.250% in February; 2.500% with 10-year loan terms, unchanged from 2.500% in February and; 2.500% with 12-year loan terms, unchanged from 2.500% in February. The interest rate for 15-year Sugar Storage Facility Loans for March is 2.625%, unchanged from 2.625% in February.