USDA Sets October Interest Rates



WASHINGTON - Oct 1/18 - SNS -- The USDA's (USDA) Commodity Credit Corporation set interest rates for October 2018. The Commodity Credit Corporation borrowing rate-based charge for October is 2.500%, up from 2.375% in September.

The interest rate for crop year commodity loans less than one year disbursed during October is 3.500%, up from 3.375% in September.

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