USDA Sets June Interest Rates



WASHINGTON - Jun 1/17 - SNS -- The USDA's (USDA) Commodity Credit Corporation set interest rates for June 2017. The Commodity Credit Corporation borrowing rate-based charge for June is 1.125%, up from 1% in May.

The interest rate for crop year commodity loans less than one year disbursed during June is 2.125%, up from 2% in May.

Interest rates for Farm Storage Facility Loans approved for June are as follows, 1.500% with three-year loan terms, unchanged from 1.500% in May; 1.875% with five-year loan terms, unchanged from 1.875% in May; 2.125% with seven-year loan terms, unchanged from 2.125% in May; 2.375% with 10-year loan terms, unchanged from 2.375% in May and; 2.375% with 12-year loan terms, unchanged from 2.375% in May. The interest rate for 15-year Sugar Storage Facility Loans for June is 2.5%, unchanged from 2.5% in May.