CCC lending rates announced for September

WASHINGTON, D.C. — The U.S. Department of Agriculture’s Commodity Credit Corporation has announced interest rates for September. The CCC borrowing rate-based charge for September is 2.375 percent, the same as in August.

The interest rate for crop year commodity loans less than one year disbursed during September is 3.375 percent, the same as in August.

Interest rates for Farm Storage Facility Loans approved for September are as follows, with change noted from August: 2.750 percent with three-year loan terms, up from 2.625 percent; 2.750 percent with five-year loan terms, no change; 2.875 percent with seven-year loan terms, no change; 2.875 percent with 10-year loan terms, no change; and 3.000 percent with 12-year loan terms, up from 2.875 percent.

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.

For more information on loan eligibility and the application process, visit farmers.gov and search for “Commodity Credit Corporation.”