Interest rates for loans through USDA’s Farm Service Agency for August have been set.
The agency offers low interest loans to help producers start, maintain, or expand their farming operation, purchase equipment and buildings, and meet other cash flow needs.
Direct farm operating loans are set at 1.75%, direct farm ownership loans at 3.25% and emergency loans have a 2.75% interest rate. USDA is also offering commodity loans at a 1.125% interest rate and three-to-twelve-year farm storage facility loans with rates from 0.5% to 1.5%.
