Funding Cost Index

Certain System institutions offer loan products with interest rate calculations based on an estimated Farm Credit funding cost index, provided in the reports below. Estimated funding cost indexes reflect the Funding Corporation's best estimate, based on market observations, of the potential cost of issuing new Farm Credit Debt Securities into the primary market on the date indicated at approximately 9:30 am NYC time. Maturities represented by the indexes range from overnight to 15 years. Please see the included source notes for more information on how the indexes are derived.