USDA Sets May Interest Rates



WASHINGTON - May 1/20 - SNS -- The USDA's Commodity Credit Corporation set interest rates for the period spanning May 1 to 31.

The Commodity Credit Corporation borrowing rate-based charge for May is 0.125%, down from 0.625% in April.

The interest rate for crop year commodity loans less than one year disbursed during May is 1.125%, down from 1.625 in April.

Interest rates for Farm Storage Facility Loans approved for May are as follows:

0.250% with three-year loan terms, down from 0.750% in April;

0.375% with five-year loan terms, down from 0.750% in April;

0.625% with seven-year loan terms, down from 1.000% in April;

0.750% with 10-year loan terms down from 1.000% in April; and

0.750% with 12-year loan terms, down from 1.125% in April.

The interest rate for 15-year Sugar Storage Facility Loans for May is 0.875%, down from 1.250% in April.