The interest rate has gone up for some USDA loans.

The new rate for farm operating loans is 2%, compared to 1.75% in November.  Farm ownership loan rates jumped from 2.875% to 3%.  Emergency loan interest jumped from 2.75% to 3%.  The December rates for farm ownership loans with joint financing and farm ownership loans with down payments held steady at 2.5% and 1.5% respectively.

Facility storage loan rates also went up between one and two-tenths of a percent over last month.

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