STAT Communications Ag Market News

USDA Sets August Interest Rates

WASHINGTON -Aug 1/23 - SNS -- The USDA set loan interest rates for August 2023 for loans available from the Farm Service Agency (FSA).

Interest rates for Operating and Ownership loans for August 2023 are as follows:

- Farm Operating Loans(Direct): 4.875%

- Farm Ownership Loans(Direct): 5.000%

- Farm Ownership Loans(Direct, Joint Financing): 3.000%

- Farm Ownership Loans(Down Payment): 1.500%

- Emergency Loan(Amount of Actual Loss): 3.750%

Commodity and Storage Facility Loans

- Commodity Loans(less than one year disbursed): 6.375%

Farm Storage Facility Loans:

- Three-year loan terms: 4.375%

- Five-year loan terms: 4.125%

- Seven-year loan terms: 4.000%

- Ten-year loan terms: 3.875%

- Twelve-year loan terms: 3.875%

- Sugar Storage Facility Loans(15 years): 4.000%

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