The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced interest rates for October 2016. The CCC borrowing rate-based charge for October is 0.625 percent, up from 0.500 percent in September.
The interest rate for crop year commodity loans less than one year disbursed during October is 1.625 percent, up from 1.500 percent in September.
Interest rates for Farm Storage Facility Loans approved for October are as follows, .875 percent with three-year loan terms, unchanged from .875 percent in September; 1.125 percent with five-year loan terms, unchanged from 1.250 percent in September; 1.500 percent with seven-year loan terms, up from 1.375 percent in September; 1.625 percent with 10-year loan terms, up from 1.500 percent in September and; 1.750 percent with 12-year loan terms, up from 1.625 percent in September. The interest rate for 15-year Sugar Storage Facility Loans for October is 1.750 percent, unchanged from 1.750 percent in September.
Source:usda.gov