USDA's October Interest Rates

WASHINGTON, Oct. 2, 2017 – The USDA's Commodity Credit Corporation set interest rates for October 2017.

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

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

Interest rates for Farm Storage Facility Loans approved for October are as follows, 1.500%with three-year loan terms, unchanged from 1.500%in September; 1.750%with five-year loan terms, unchanged from 1.750%in September; 2.000%with seven-year loan terms, down from 2.125%in September; 2.125%with 10-year loan terms, down from 2.250%in September and; 2.250%with 12-year loan terms, down from 2.375%in September. The interest rate for 15-year Sugar Storage Facility Loans for October is 2.375 percent, unchanged from 2.375%in September.