Source: USDA, 2/1/21
The U.S.
Department of Agriculture today announced loan interest rates for February
2021, which are effective February 1. Operating and Ownership Loans 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. For many
loan options, FSA sets aside funding for historically disadvantaged producers,
including beginning, women, American Indian or Alaskan Native, Asian, Black or
African American, Native Hawaiian or Pacific Islander, and Hispanic farmers and
ranchers. Interest rates for Operating and Ownership loans for
February 2021 are as follows: FSA also offers guaranteed loans through commercial
lenders at rates set by those lenders. You can find out which of these loans may be right for
you by using our Farm Loan Discovery Tool. Commodity and Storage Facility Loans FSA provides low-interest financing to producers to build
or upgrade on-farm storage facilities and purchase handling equipment. FSA also
offers commodity loans that provide interim financing to help producers meet cash
flow needs without having to sell their commodities when market prices are
low. Funds for these loans are provided through the Commodity Credit
Corporation (CCC) and administered by FSA. Producers can explore available options on
all FSA loan options at fsa.usda.gov or
by contacting your local USDA Service Center.
USDA is an equal opportunity provider, employer and
lender.
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