USDA Sets August Interest Rates
WASHINGTON - Aug 1/18 - SNS -- The USDA's (USDA) Commodity Credit Corporation set interest rates for August 2018. The Commodity Credit Corporation borrowing rate-based charge for August is 2.375%, up from 2.250% in July.
The interest rate for crop year commodity loans less than one year disbursed during August is 3.375%, up from 3.250% in July.
Interest rates for Farm Storage Facility Loans approved for August are as follows: 2.625% with three-year loan terms, the same as 2.625% in July; 2.750% with five-year loan terms, the same as 2.750% in July; 2.875% with seven-year loan terms, the same as 2.875% in July; 2.875% with 10-year loan terms, the same as 2.875% in July and; 2.875% with 12-year loan terms, down from 3.000% in July. The interest rate for 15-year Sugar Storage Facility Loans for August is 2.875, down from 3.000% in July.