USDA Sets June Interest Rates
WASHINGTON - Jun 1/18 - SNS -- The USDA's (USDA) Commodity Credit Corporation set interest rates for June 2018. The Commodity Credit Corporation borrowing rate-based charge for June is 2.250%, up from 2.125% in May.
The interest rate for crop year commodity loans less than one year disbursed during June is 3.250%, up from 3.125% in May.
Interest rates for Farm Storage Facility Loans approved for June are as follows, 2.625% with three-year loan terms, up from 2.500% in May; 2.875% with five-year loan terms, up from 2.625% in May; 3.000% with seven-year loan terms, up from 2.750% in May; 3.000% with 10-year loan terms, up from 2.875% in May and; 3.000% with 12-year loan terms, up from 2.875% in May. The interest rate for 15-year Sugar Storage Facility Loans for June is 3.000 up from 2.875% in May.