USDA Sets October Interest Rates

WASHINGTON - Oct 1/20 - SNS -- The USDA's Commodity Credit Corporation set interest rates for October.

The CCC borrowing rate-based charge for October is 0.125%, same as in September.

The interest rate for crop year commodity loans less than one year disbursed during October is 1.125%, same as in September.

Interest rates for Farm Storage Facility Loans approved for October, all of which were unchanged from September, are as follows:

- 0.125% with three-year loan terms;

- 0.250% with five-year loan terms;

- 0.500% with seven-year loan terms;

- 0.625% with 10-year loan terms; and

- 0.750% with 12-year loan terms.

The interest rate for 15-year Sugar Storage Facility Loans for October is 1.000%, up from 0.875% in September.

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