USDA Announces Commodity Credit Corporation Lending Rates For October 2015

The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced interest rates for October 2015. The CCC borrowing rate-based charge for October is 0.375 percent, unchanged from 0.375 percent in September.

 The interest rate for crop year commodity loans less than one year disbursed during October is 1.375 percent, unchanged from 1.375 percent in September.

 Interest rates for Farm Storage Facility Loans approved for October are as follows, 1.875 percent with seven-year loan terms, down from 2.000 percent in September; 2.125 percent with 10-year loan terms, down from 2.250 percent in September and; 2.375 percent with 12-year loan terms, up from 2.250 percent in September. The interest rate for 15-year Sugar Storage Facility Loans for October is 2.500 percent, up from 2.375 percent in September.

Source:usda.gov