STAT Communications Ag Market News

USDA Sets July Interest Rates

WASHINGTON - Jul 1/21 - SNS -- The USDA set loan interest rates for July.

Interest rates for Operating and Ownership loans for July 2021 are as follows:

- Farm Operating Loans (Direct): 1.875%

- Farm Ownership Loans (Direct): 3.250%

- Farm Ownership Loans (Direct, Joint Financing): 2.500%

- Farm Ownership Loans (Down Payment): 1.500%

- Emergency Loan (Amount of Actual Loss): 2.875%

Rates for commodity and storage facility loans are:

- Commodity Loans (less than one year disbursed): 1.125%

For farm storage facility loans interest rates are:

- Three-year loan terms: 0.375%

- Five-year loan terms: 0. 750%

- Seven-year loan terms: 1.250%

- Ten-year loan terms: 1.500%

- Twelve-year loan terms: 1.750%

- Sugar Storage Facility Loans (15 years): 1.875%

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