The U.S. Department of Agriculture (USDA) announced loan interest rates for November 2022, which are effective Nov. 1. 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.
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. FSA also offers emergency loans to help producers recover from production and physical losses due to drought, flooding, other natural disasters or quarantine.
Interest rates for Operating and Ownership loans for November 2022 are: -Farm Operating (Direct): 4.375% -Farm Ownership (Direct): 4.500% -Farm Ownership (Direct, Joint Financing): 2.500% -Farm Ownership (Down Payment): 1.500% -Emergency (Amount of Actual Loss): 3.750% FSA also offers guaranteed loans through commercial lenders at rates set by those lenders.