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USDA announces Commodity Credit Corporation lending rates for April 2017

WASHINGTON – The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation (CCC) today announced interest rates for April 2017. The CCC borrowing rate-based charge for April is 1.000 percent, up from 0.875 percent in March.

The interest rate for crop year commodity loans less than one year disbursed during April is 2.000 percent, up from 1.875 percent in March.

Interest rates for Farm Storage Facility Loans approved for March are as follows, 1.625 percent with three-year loan terms, up from 1.500 percent in March; 2.000 percent with five-year loan terms, up from 1.875 percent in March; 2.250 percent with seven-year loan terms, unchanged from 2.250 percent in March; 2.500 percent with 10-year loan terms, unchanged from 2.500 percent in March and; 2.500 percent with 12-year loan terms, unchanged from 2.500 percent in March. The interest rate for 15-year Sugar Storage Facility Loans for April is 2.625 percent, unchanged from 2.625 percent in March.

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