The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation today announced interest rates for June 2017. The Commodity Credit Corporation borrowing rate-based charge for June is 1.125 percent, up from 1.000 percent in May.
The interest rate for crop year commodity loans less than one year disbursed during June is 2.125 percent, up from 2.000 percent in May.
Interest rates for Farm Storage Facility Loans approved for June are as follows, 1.500 percent with three-year loan terms, unchanged from 1.500 percent in May; 1.875 percent with five-year loan terms, unchanged from 1.875 percent in May; 2.125 percent with seven-year loan terms, unchanged from 2.125 percent in May; 2.375 percent with 10-year loan terms, unchanged from 2.375 percent in May and; 2.375 percent with 12-year loan terms, unchanged from 2.375 percent in May. The interest rate for 15-year Sugar Storage Facility Loans for June is 2.500 percent, unchanged from 2.500 percent in May.
Further program information is available from USDA Farm Service Agency’s Financial Management Division at 202-772-6041.Share: