USDA Announces June 2021 Lending Rates for Agricultural Producers
USDA Announces June 2021 Lending Rates for Agricultural Producers
USDA’s Farm Service Agency (FSA) loans provide access to capital to help agricultural producers start or expand their farming operation, purchase equipment and storage structures, or meet cash flow needs.
Operating and Ownership Loans
FSA offers farm ownership and operating loans to eligible agricultural producers. 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.
Commodity and Storage Facility Loans
Additionally, FSA provides low-interest financing to producers to build or upgrade on-farm storage facilities and purchase handling equipment and loans that provide interim financing to help producers meet cash flow needs. Funds for these loans are provided through the Commodity Credit Corporation (CCC) and are administered by FSA.
You can find out which of these loans may be right for you by using the FSA’s Farm Loan Discovery Tool.
For questions regarding the above information, please contact our Crop Insurance Education Program Manager: Chris Howard at: christina.howard@maine.edu or at 207.570.2868.
USDA and the University of Maine are equal opportunity employers and providers. This material is based upon work supported by USDA/NIFA under Award Number 2018-70027-28584.
