The U.S. Department of Agriculture (USDA) announced loan interest rates for April 2024. USDA’s Farm Service Agency (FSA) loans provide important access to capital to help agricultural producers start or expand their farming operation, purchase equipment and storage structures or meet cash flow needs. The loans can cover a wide array of items from ownership and operating loans, to commodity and storage facility loans.
The FSA also offers guaranteed loans through commercial lenders at rates set by those lenders. To learn more about FSA programs, producers can contact their local USDA Service Center. Producers can also prepare maps for acreage reporting as well as apply and manage farm loans and view other farm records data by visiting farmers.gov.
Interest rates for Operating and Ownership loans for April 2024 are as follows:
Farm Operating Loans (Direct): 5.125%
Farm Ownership Loans (Direct): 5.375%
Farm Ownership Loans (Direct, Joint Financing): 3.375%
Farm Ownership Loans (Down Payment): 1.500%
Emergency Loan (Amount of Actual Loss): 3.750%
Commodity Loans (less than one year disbursed): 6.000%
Farm Storage Facility Loans:
Three-year loan terms: 4.375%
Five-year loan terms: 4.250%
Seven-year loan terms: 4.250%
Ten-year loan terms: 4.250%
Twelve-year loan terms: 4.250%
Sugar Storage Facility Loans (15 years): 4.375%
