The U.S. Department of Agriculture’s Commodity Credit Corporation today announced interest rates for November 2020, which are effective November 1-November 30, 2020.
The Commodity Credit Corporation borrowing rate-based charge for November is 0.125%, same as in October.
The interest rate for crop year commodity loans less than one year disbursed during November is 1.125%, same as in October.
Interest rates for Farm Storage Facility Loans approved for November are as follows:
- 0.125% with three-year loan terms, same as October;
- 0.250% with five-year loan terms, same as October;
- 0.500% with seven-year loan terms, same as October;
- 0.750% with 10-year loan terms, up from 0.625 in October; and
- 0.875% with 12-year loan terms, up from 0.750 in October.
The interest rate for 15-year Sugar Storage Facility Loans for November is 1.000%, unchanged from October.
The loan programs administered by the Farm Service Agency help stabilize the incomes of America’s farmers and ranchers.
Source : usda.gov