On May 2nd, USDA announced loan interest rates for May 2022. 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.
Interest rates for loans for May 2022 are as follows:
- Farm Operating Loans (Direct): 2.875%
- Farm Ownership Loans (Direct): 3.375%
- Farm Ownership Loans (Direct, Joint Financing): 2.500%
- Farm Ownership Loans (Down Payment): 1.500%
- Emergency Loan (Amount of Actual Loss): 3.750%
- Commodity Loans (less than one year disbursed): 2.750%
- Farm Storage Facility Loans:
- Three-year loan terms: 2.625%
- Five-year loan terms: 2.625%
- Seven-year loan terms: 2.625%
- Ten-year loan terms: 2.625%
- Twelve-year loan terms: 2.625%
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