Interest rates on Farm Service Agency loans are expected to be flat this year.
FSA Administrator Zach Ducheneaux tells Brownfield lending rates are indexed to treasury note rates.
“So our operating loans are at the 5-year treasury note rate, plus 1 percent. And our farm ownership loans are indexed to the 25-year treasury note rate, plus 1 percent. So I think they’re going to track pretty even for the rest of the year.”
Interest rates on FSA farm operating loans have been running below 1.5 percent.
