Commodity Credit Corporation Releases Lending Rates for May

The USDA Commodity Credit Corporation, which helps stabilize, support and protect farm income and prices, released interest rates for May. The borrowing rate-based charge is 0.500, up from 0.375 in April, while the 1996 and subsequent crop year commodity and marketing assistance loans dispersed during May is 1.500, which is up 1.375 percent from last month. Interest rates for Farm Storage Facility Loans and discount rates for the Tobacco Transition Payment Program also are available. Read more.