USDA Sets September Interest Rates

WASHINGTON - Sep 1/17 - SNS -- The USDA's Commodity Credit Corporation set interest rates for September 2017.

The Commodity Credit Corporation borrowing rate-based charge for September is 1.250%, unchanged from 1.125% in August.

The interest rate for crop year commodity loans less than one year disbursed during September is 2.250%, unchanged from 2.250% in August.

Interest rates for Farm Storage Facility Loans approved for September are as follows, 1.500% with three-year loan terms, unchanged from 1.500% in August; 1.750% with five-year loan terms, down from 1.875% in August; 2.125% with seven-year loan terms, unchanged from 2.125% in August; 2.250% with 10-year loan terms, unchanged from 2.250% in August and; 2.375% with 12-year loan terms, unchanged from 2.375% in August. The interest rate for 15-year Sugar Storage Facility Loans for September is 2.375%, unchanged from 2.375% in August.