USDA Sets May Interest Rates



WASHINGTON - May 1/18 - SNS -- The USDA's Commodity Credit Corporation set interest rates for May 2018. The Commodity Credit Corporation borrowing rate-based charge for May is 2.125%, up from 2% in April.

The interest rate for crop year commodity loans less than one year disbursed during May is 3.125%, up from 3% in April.

Interest rates for Farm Storage Facility Loans approved for May are as follows, 2.500% with three-year loan terms, up from 2.375% in April; 2.625% with five-year loan terms, unchanged from 2.625% in April; 2.750% with seven-year loan terms, unchanged from 2.750% in April; 2.875% with 10-year loan terms, unchanged from 2.875% in April and; 2.875% with 12-year loan terms, unchanged from 2.875% in April. The interest rate for 15-year Sugar Storage Facility Loans for May is 2.875 down from 3% in April.