USDA Sets September Interest Rates



WASHINGTON - Sep 5/18 - SNS --- The USDA's Commodity Credit Corporation set interest rates for September 2018. The Commodity Credit Corporation borrowing rate-based charge for September is 2.375%, the same as 2.375% in August.

The interest rate for crop year commodity loans less than one year disbursed during September is 3.375%, the same as 3.375% in August.

Interest rates for Farm Storage Facility Loans approved for September are as follows: 2.750% with three-year loan terms, up from 2.625% in August; 2.750% with five-year loan terms, the same as 2.750% in August; 2.875% with seven-year loan terms, the same as 2.875% in August; 2.875% with 10-year loan terms, the same as 2.875% in August and; 3.000% with 12-year loan terms, up from 2.875% in August. The interest rate for 15-year Sugar Storage Facility Loans for September is 3.000, up from 2.875% in August.