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DC News-Oct. 14, 2022

published: October 14th 2022
by: USDA

USDA announces October 2022 lending rates for agricultural producers

WASHINGTON, Oct. 3, 2022 – The U.S. Department of Agriculture (USDA) announced loan interest rates for October 2022, which are effective Oct. 3, 2022. 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.

Operating, ownership and emergency 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. FSA also offers emergency loans to help producers recover from production and physical losses due to drought, flooding, other natural disasters or quarantine.  For many loan options, FSA sets aside funding for underserved producers, including veterans, 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 October 2022 are as follows:

FSA also offers guaranteed loans through commercial lenders at rates set by those lenders. 

More information

Producers can explore available options on all FSA loan options at fsa.usda.gov or by contacting your local USDA Service Center.

 

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