Any principal set-aside will continue to accrue interest until it is repaid. The set-aside payment’s due date is moved to the final maturity date of the loan or extended up to twelve months in the case of an annual operating loan. Producers must apply for the second DSA by May 1, 2022. Because of the pandemic’s continued impacts, producers can apply for a second DSA for COVID-19 as well as a second DSA for a natural disaster for producers with an initial DSA for COVID-19.
Sugar Storage Facility Loans (15 years): 2.000%įSA broadened the use of the Disaster Set Aside (DSA), normally used in the wake of natural disasters, to allow farmers with USDA farm loans who are affected by COVID-19, and are determined eligible, to have their next payment set aside.Commodity Loans (less than one year disbursed): 1.375%.Funds for these loans are provided through the Commodity Credit Corporation (CCC) and are administered by FSA.
#Mac system storage hog upgrade
You can find out which of these loans may be right for you by using our Farm Loan Discovery Tool.Īdditionally, 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 without having to sell their commodities when market prices are low. Emergency Loan (Amount of Actual Loss): 3.250%įSA also offers guaranteed loans through commercial lenders at rates set by those lenders.Farm Ownership Loans (Down Payment): 1.500%.Farm Ownership Loans (Direct, Joint Financing): 2.500%.Interest rates for Operating and Ownership loans for February 2022 are as follows: For many loan options, FSA sets aside funding for historically 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 FSA also offers emergency loans to help producers recover from production and physical losses due to drought, flooding, other natural disasters or quarantine. 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.įSA 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.
Department of Agriculture (USDA) announced loan interest rates for February 2022, which are effective Feb.
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