USDA announces lending rates
WASHINGTON - The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation on Feb. 1 announced interest rates for February 2018. The Commodity Credit Corporation borrowing rate-based charge for February is 1.750 percent, up from 1.625 percent in January.
The interest rate for crop year commodity loans less than one year disbursed during February is 2.750 percent, up from 2.625 percent in January.
Interest rates for Farm Storage Facility Loans approved for February are as follows, 2.125 percent with three-year loan terms, up from 1.875 percent in January; 2.250 percent with five-year loan terms, up from 2.125 percent in January; 2.375 percent with seven-year loan terms, up from 2.250 percent in January; 2.500 percent with 10-year loan terms, up from 2.375 percent in January and; 2.500 percent with 12-year loan terms, up from 2.375 percent in January. The interest rate for 15-year Sugar Storage Facility Loans for February is 2.625 percent, up from 2.500 percent in January.
Further program information is available from USDA Farm Service Agency’s Financial Management Division at 202-772-6041.