WASHINGTON, May 1, 2018 – The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation today announced interest rates for May 2018. The Commodity Credit Corporation borrowing rate-based charge for May is 2.125 percent, up from 2.000 percent in April.
The interest rate for crop year commodity loans less than one year disbursed during May is 3.125 percent, up from 3.000 percent in April.
Interest rates for Farm Storage Facility Loans approved for May are as follows, 2.500 percent with three-year loan terms, up from 2.375 percent in April; 2.625 percent with five-year loan terms, unchanged from 2.625 percent in April; 2.750 percent with seven-year loan terms, unchanged from 2.750 percent in April; 2.875 percent with 10-year loan terms, unchanged from 2.875 percent in April and; 2.875 percent with 12-year loan terms, unchanged from 2.875 percent in April. The interest rate for 15-year Sugar Storage Facility Loans for May is 2.875 down from 3.000 percent in April.
Further program information is available from USDA Farm Service Agency’s Financial Management Division at 202-772-6041.
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