WASHINGTON, November 1, 2018 – The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation, today, announced interest rates for November 2018. The Commodity Credit Corporation borrowing rate-based charge for November is 2.625 percent, up from 2.500 percent in October.

USDA Announces CCC Lending Rates for November 2018

Release No. 0183.18                                         Contact: FPAC External Affairs, (202) 690-0437

USDA Announces Commodity Credit Corporation Lending Rates for November 2018

WASHINGTON, November 1, 2018 – The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation, today, announced interest rates for November 2018. The Commodity Credit Corporation borrowing rate-based charge for November is 2.625 percent, up from 2.500 percent in October.

The interest rate for crop year commodity loans less than one year disbursed during November is 3.625 percent, up from 3.500 percent in October.

Interest rates for Farm Storage Facility Loans approved for November are as follows: 2.875 percent with three-year loan terms, up from 2.750 in October; 3.000 percent with five-year loan terms, up from 2.750 percent in October; 3.125 percent with seven-year loan terms, up from 2.875 percent in October; 3.125 percent with 10-year loan terms, up from 2.875 percent in October and; 3.125 percent with 12-year loan terms, up from 3.000 percent in October. The interest rate for 15-year Sugar Storage Facility Loans for November is 3.125, up from 3.000 percent in October.

The loan rates set forth by the Commodity Credit Corporation help to stabilize the incomes of America's farmers and ranchers, and ensure their continued operations.

Visit https://www.farmers.gov for more information on loan eligibility, the application process or to find your local service center.

 

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