WASHINGTON, December 3, 2018 – The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation, today, announced interest rates for December 2018, which are effective December 1 – December 31, 2018. The Commodity Credit Corporation borrowing rate-based charge for December is 2.750 percent, up from 2.625 percent in November.

USDA Announces Commodity Credit Corporation Lending Rates for December 2018

Release No. 0200.18                                       
                                                                       Contact: FPAC External Affairs, (202) 690-0437

USDA Announces Commodity Credit Corporation Lending Rates for December 2018

WASHINGTON, December 3, 2018 – The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation, today, announced interest rates for December 2018, which are effective December 1 – December 31, 2018. The Commodity Credit Corporation borrowing rate-based charge for December is 2.750 percent, up from 2.625 percent in November.

The interest rate for crop year commodity loans less than one year disbursed during December is 3.750 percent, up from 3.625 percent in November.

Interest rates for Farm Storage Facility Loans approved for December are as follows: 2.875 percent with three-year loan terms, the same as 2.875 in November; 3.000 percent with five-year loan terms, the same as 3.000 percent in November; 3.125 percent with seven-year loan terms, the same as 3.125 percent in November; 3.125 percent with 10-year loan terms, the same as 3.125 percent in November and; 3.125 percent with 12-year loan terms, the same as 3.125 percent in November. The interest rate for 15-year Sugar Storage Facility Loans for December is 3.250, up from 3.125 percent in November.

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.

USDA is an equal opportunity provider, employer and lender.