USDA Sets November Interest Rates



WASHINGTON - Nov 1/19 - SNS -- The USDA's Commodity Credit Corporation set interest rates for November 2019, which are effective between November 1 and 30.

The Commodity Credit Corporation borrowing rate-based charge for November is 1.625%, down from 1.750% in October.

The interest rate for crop year commodity loans less than one year disbursed during November is 2.625%, down from 2.750% in October. Interest rates for Farm Storage Facility Loans approved for November are as follows: 1.500% with three-year loan terms, same as in October; 1.500% with five-year loan terms, same as in October; 1.625% with seven-year loan terms, same as in October; 1.625% with 10-year loan terms, same as in October; and 1.750% with 12-year loan terms, same as in October. The interest rate for 15-year Sugar Storage Facility Loans for November is 1.750, same as in October.