Source: USDA, 10/2/17

The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation today announced interest rates for October 2017.  The Commodity Credit Corporation borrowing rate-based charge for October is 1.250 percent, unchanged from 1.250 percent in September.

The interest rate for crop year commodity loans less than one year disbursed during October is 2.250 percent, unchanged from 2.250 percent in September.

Interest rates for Farm Storage Facility Loans approved for October are as follows, 1.500 percent with three-year loan terms, unchanged from 1.500 percent in September; 1.750 percent with five-year loan terms, unchanged from 1.750 percent in September; 2.000 percent with seven-year loan terms, down from 2.125 percent in September; 2.125 percent with 10-year loan terms, down from 2.250 percent in September and; 2.250 percent with 12-year loan terms, down from 2.375 percent in September.  The interest rate for 15-year Sugar Storage Facility Loans for October is 2.375 percent, unchanged from 2.375 percent in September.

Further program information is available from USDA Farm Service Agency’s Financial Management Division at 202-772-6041.