Image
PROMO Agriculture - Generic Symbols - iStock

USDA March Loan Rates Announced

iStock

The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation has announced interest rates for March 2018. The Commodity Credit Corporation borrowing rate-based charge for March is 1.875 percent, up from 1.750 percent in February.

The interest rate for crop year commodity loans less than one year disbursed during March is 2.875 percent, up from 2.750 percent in February.

Interest rates for Farm Storage Facility Loans approved for March are as follows, 2.250 percent with three-year loan terms, up from 2.125 percent in February; 2.500 percent with five-year loan terms, up from 2.250 percent in February; 2.750 percent with seven-year loan terms, up from 2.375 percent in February; 2.750 percent with 10-year loan terms, up from 2.500 percent in February and; 2.750 percent with 12-year loan terms, up from 2.500 percent in February. The interest rate for 15-year Sugar Storage Facility Loans for March is 2.875 percent, up from 2.625 percent in February.