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National & World Ag News Headlines |
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USDA Announces May 2021 Lending Rates for Ag Producers
USAgNet - 05/11/2021
The U.S. Department of Agriculture announced loan interest rates for May 2021. Farm Service Agency 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.
Operating and Ownership Loans
FSA offers farm ownership and operating loans with favorable interest rates and terms to help eligible agricultural producers, whether multi-generational, long-time or new to the industry, obtain financing needed to start, expand or maintain a family agricultural
operation. For many loan options, FSA sets aside funding for historically disadvantaged producers, including beginning, women, American Indian or Alaskan Native, Asian, Black or African American, Native Hawaiian or Pacific Islander, and Hispanic farmers
and ranchers.
Interest rates for Operating and Ownership loans for May 2021 are as follows:
Farm Operating Loans (Direct): 1.750%
Farm Ownership Loans (Direct): 3.250%
Farm Ownership Loans (Direct, Joint Financing): 2.500%
Farm Ownership Loans (Down Payment): 1.500%
Emergency Loan (Amount of Actual Loss): 2.750%
FSA also offers guaranteed loans through commercial lenders at rates set by those lenders.
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