WASHINGTON, August 2, 2021 – The U.S. Department of Agriculture (USDA) announced loan interest rates for August 2021, which are effective August 2. 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.

An official website of the United States government

Here’s how you know

**Official websites use .gov** A **.gov** website belongs to an official government organization in the United States.

**Secure .gov websites use HTTPS** A **lock** ( Lock           A locked padlock           ) or **https://** means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

**

Farm Service Agency

U.S. DEPARTMENT OF AGRICULTURE

                      - About FSA
                      - Ask USDA
                      - Contact Us
                      - Forms

- Home
- Programs & Services  - ARC/PLC Program
- Civil Rights
- Certified Mediation Program
- Climate Adaptation Plan
- Conservation Programs
- Cooperative Agreements
- Dairy Margin Coverage Program
- Disaster Assistance Programs
- Economic & Policy Analysis
- Emergency Relief
- Environmental & Cultural Resource Compliance 
- Farm Bill Home
- Farm Labor Stabilization & Protection Pilot Grants
- Farm Loan Programs
- Financial Management Information
- Increasing Land Access
- Initiatives
- Laws and Regulations
- Margin Protection Program for Dairy
- Market Facilitation Program
- MIDAS
- Organic Certification Cost Share Program
- Outreach & Education
- Payment Eligibility
- Price Support
- Rice Production Program

- State Offices
- Online Services  - LDP
- eARC/PLC
- Farmers.gov (FSA Farm+)
- FSA Online Data Resources
- Loan Assistance Tool

- Newsroom  - Fact Sheets
- News Releases
- Emergency Designations
- Stakeholder Information
- eFOIA
- Meetings & Events
- Public Service Announcements
- County Committee Elections
- Fence Post

# USDA Announces August 2021 Lending Rates for Agricultural Producers

Contact: FPAC.BC.Press@usda.gov

WASHINGTON, August 2, 2021 – The U.S. Department of Agriculture (USDA) announced loan interest rates for August 2021, which are effective August 2. 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 historically underserved producers, including 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 August 2021 are as follows:
                            - Farm Operating Loans  (Direct): 1.750%
                            - 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): 2.750%

FSA also offers guaranteed loans through commercial lenders at rates set by those lenders.You can find out which of these loans may be right for you by using our Farm Loan Discovery Tool.

**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 without having to sell their commodities when market prices are low. Funds for these loans are provided through the Commodity Credit Corporation (CCC) and are administered by FSA.
                            - Commodity Loans  (less than one year disbursed): 1.125%
                            - Farm Storage Facility Loans :                                - Three-year loan terms: 0.500%
                              - Five-year loan terms: 0.875%
                              - Seven-year loan terms: 1.125%
                              - Ten-year loan terms: 1.375%
                              - Twelve-year loan terms: 1.500%
                            - Sugar Storage Facility Loans  (15 years): 1.750%

**Disaster Support**

FSA also reminds rural communities, farmers and ranchers, families and small businesses affected by natural disasters, such as drought, wildfires and hurricanes, that USDA has programs that provide assistance. USDA staff in the regional, state and county offices are prepared with a variety of program flexibilities and other assistance to residents, agricultural producers and impacted communities. Many programs are available without an official disaster designation, including several risk management and disaster assistance options.

**Pandemic Support**

Through September 1, 2021, FSA’s Disaster Set-Aside provision is available to direct loan borrowers who have been impacted by the pandemic. This enables an upcoming annual installment to be set aside for the year and added to the final installment. For annual operating loans, the loan maturity date may be extended up to twelve months in order to set aside the installment. This provision is normally used in the wake of natural disasters, and a second Disaster Set-Aside may be available for direct loan borrowers who already have a DSA in place on a loan due to another designated natural disaster.

**More Information**

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

USDA touches the lives of all Americans each day in so many positive ways. In the Biden-Harris Administration, USDA is transforming America’s food system with a greater focus on more resilient local and regional food production, fairer markets for all producers, ensuring access to safe, healthy and nutritious food in all communities, building new markets and streams of income for farmers and producers using climate smart food and forestry practices, making historic investments in infrastructure and clean energy capabilities in rural America, and committing to equity across the Department by removing systemic barriers and building a workforce more representative of America. To learn more, visit http://www.usda.gov.

USDA is an equal opportunity provider, employer and lender.

** Return to the list of News Releases

----

                        - Placeholder   

## Recent News

                        - USDA Announces 2024 Wool and Mohair Marketing Assistance Loan Rates  
WASHINGTON, Dec. 27, 2023 – The U.S. Department of Agriculture (USDA) Commodity Credit Corporation today announced Marketing Assistance Loan rates for 2024-crop graded wool by micron class. Loan rates for ungraded wool and mohair are unchanged and remained the same from the prior crop year.
 
                        - USDA Appoints New Members to the Federal Advisory Committee for Urban Agriculture and Innovative Production   WASHINGTON, Dec. 20, 2023 – Agriculture Secretary Tom Vilsack appointed four new members to the Urban Agriculture and Innovative Production Federal Advisory Committee (Committee). The new members are replacing four members whose terms are expiring and rotating off the Committee. The Committee is part of the U.S. Department of Agriculture’s (USDA) efforts to support urban agriculture and innovative production, creating a network for feedback. 
                        - Agriculture Risk Coverage and Price Loss Coverage Programs Receive 2018 Farm Bill One Year Extension, Farmers Can Now Enroll for the 2024 Crop Year   WASHINGTON, Dec. 18, 2023 – The U.S. Department of Agriculture (USDA) today announced that agricultural producers can now enroll in the Farm Service Agency’s (FSA) Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2024 crop year. Producers can enroll and make election changes for the 2024 crop year starting Dec. 18, 2023. The deadline to complete enrollment and any election change is March 15, 2024. 

- Home
- Programs & Services
- State Offices
- Online Services
- Newsroom

- Farmers.gov
- USA.gov
- USDA.gov
- Whitehouse.gov

- Accessibility Statement
- Common Questions
- Freedom of Information Act

- No FEAR Report
- Information Quality
- Non-Discrimination Statement

- Policies and Links
- Privacy Policy
- Sitemap

#### Sign up for updates

**

Farm Service Agency

U.S. DEPARTMENT OF AGRICULTURE

Facebook

YouTube

Twitter

Twitter

RSS