USDA Sets November Interest Rates

WASHINGTON - Nov 1/17 - SNS -- The USDA's (USDA) Commodity Credit Corporation set interest rates for November 2017.

The Commodity Credit Corporation borrowing rate-based charge for November is 1.375%, up from 1.250% in October.

The interest rate for crop year commodity loans less than one year disbursed during November is 2.375%, up from 2.250% in October.

Interest rates for Farm Storage Facility Loans approved for November are as follows, 1.625% with three-year loan terms, up from 1.500% in October; 1.875% with five-year loan terms, up from 1.750% in October; 2.125% with seven-year loan terms, up from 2.000% in October; 2.375% with 10-year loan terms, up from 2.125% in October and; 2.375% with 12-year loan terms, up from 2.250% in October. The interest rate for 15-year Sugar Storage Facility Loans for November is 2.500%, up from 2.375% in October.