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Farm Service Agency

U.S. DEPARTMENT OF AGRICULTURE

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# USDA Announces April 2024 Lending Rates for Agricultural Producers 

En EspanolContact:FPAC.BC.Press@usda.gov

WASHINGTON, April 1, 2024 – The U.S. Department of Agriculture (USDA) announced loan interest rates for April 2024, which are effective April 1, 2024. 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.   

“I encourage our lenders and borrowers alike to work with our local offices and our cooperators to capitalize fully on the existing flexibilities in these important programs,” said FSA Administrator Zach Ducheneaux.      

**Operating, Ownership and Emergency Loans******      FSA offers farm ownership, operating and emergency 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. For many loan options, FSA sets aside funding for 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 April 2024 are as follows:          
                            - Farm Operating Loans  (Direct): 5.125%   
                            - Farm Ownership Loans  (Direct): 5.375%    
                            - Farm Ownership Loans  (Direct, Joint Financing): 3.375%   
                            - Farm Ownership Loans  (Down Payment): 1.500%   
                            - Emergency Loan  (Amount of Actual Loss): 3.750%     

FSA also offers guaranteed loans through commercial lenders at rates set by those lenders.       

To access an interactive online, step-by-step guide through the farm loan process, visit the Loan Assistance Tool on farmers.gov.       

**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): 6.000%   
                            - Farm Storage Facility Loans :     
                            -                                - Three-year loan terms: 4.375%   
                              - Five-year loan terms: 4.250%    
                              - Seven-year loan terms: 4.250%
                              - Ten-year loan terms: 4.250%
                              - Twelve-year loan terms: 4.250%    
                            - Sugar Storage Facility Loans  (15 years): 4.375%        

**Farm Loan Program Process Improvement**   FSA has a significant initiative underway to streamline and automate the Farm Loan Program customer-facing business process. For the over 26,000 producers who submit a direct loan application annually, FSA has made various improvements, including:       
                            - The  Online Loan Application , an interactive, guided application that is paperless and provides helpful features, including an electronic signature option, the ability to attach supporting documents, such as tax returns, complete a balance sheet and build a farm operating plan.   
                            - The  Loan Assistance Tool  that provides customers with an interactive online, step-by-step guide to identifying the direct loan products that may be a fit for their business needs and to understanding the application process.    
                            - An  online direct loan repayment feature  that relieves borrowers from the necessity of calling, mailing, or visiting a local Service Center to pay a loan installment. 
                            - A  simplified direct loan paper application , reduced from 29 pages to 13 pages.     

**More Information**   Since the Inflation Reduction Act was signed by President Biden in August 2022, USDA’s Farm Service Agency has provided approximately $2.1 billion in immediate assistance to more than 39,000 distressed borrowers. The deadline to request assistance through the Inflation Reduction Act Assistance for Distressed Borrowers and Discrimination Financial Assistance Program has passed. Any applications submitted before the program deadlines are currently under review. Visit the related program webpages for more information.    

To learn more about FSA programs, producers can contact their local USDA Service Center. Producers can also prepare maps for acreage reporting as well as manage farm loans and view other farm records data and customer information by logging into their farmers.gov account. If you don’t have an account, sign up today.     

USDA touches the lives of all Americans each day in so many positive ways. Under 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 usda.gov.   

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****El Contacto:**FPAC.BC.Press@usda.gov**

**El USDA anuncia las tasas de interés de los préstamos de abril de 2024 para los productores agrícolas   **

WASHINGTON, 1 de abril de 2024 – El Departamento de Agricultura de los Estados Unidos (*U.S. Department of Agriculture*, USDA) dio a conocer las tasas de interés de los préstamos para abril de 2024, que entrarán en vigencia el 1 de abril de este año. Los préstamos de la Agencia de Servicios Agrícolas (*Farm Service Agency*, FSA) del USDA son una herramienta importante para que los productores agrícolas puedan acceder al capital necesario para iniciar o expandir sus operaciones agrícolas, comprar equipos y estructuras de almacenamiento o satisfacer sus necesidades de flujo de efectivo.      

"Animo tanto a nuestros prestamistas como a nuestros prestatarios a trabajar con nuestras oficinas locales y nuestros cooperadores para aprovechar al máximo las flexibilidades de estos importantes programas", dijo el administrador de la FSA, Zach Ducheneaux.      

**Préstamos Operativos, Hipotecarios y de Emergencia      **La FSA ofrece préstamos agrícolas hipotecarios, operativos y de emergencia con tasas de interés y términos favorables para ayudar a los productores agrícolas elegibles, ya sean multigeneracionales, antiguos o nuevos en la industria, a obtener el financiamiento necesario para iniciar, expandir o mantener una operación agrícola de familia. Para muchas opciones de préstamos, la FSA reserva fondos destinados a productores desatendidos, que incluyen agricultores y ganaderos que sean principiantes, mujeres, indígenas norteamericanos o nativos de Alaska, asiáticos, negros o afroamericanos, nativos de Hawái o de las islas del Pacífico, e hispanos.      

Las tasas de interés de los préstamos operativos e hipotecarios para abril de 2024 son las siguientes:          
                            - Préstamos operativos agrícolas  (directo): 5.125 %    
                            - Préstamos hipotecarios agrícolas  (directo): 5.375 %     
                            - Préstamos hipotecarios agrícolas  (directo, cofinanciamiento): 3.375 %    
                            - Préstamos hipotecarios agrícolas  (pago inicial): 1.500 %    
                            - Préstamo de emergencia  (monto de pérdida real): 3.750 %       

La FSA también ofrece préstamos garantizados a través de prestamistas comerciales a tasas establecidas por esos prestamistas.  Para acceder a una guía interactiva en línea, paso a paso, a través del proceso para obtener un préstamo agrícola, visite la Herramienta de Asistencia para Préstamos (*Loan Assistance Tool***) en farmers.gov.       

**Préstamos para productos básicos y préstamos para instalaciones de almacenamiento**Además, la FSA proporciona financiamiento con intereses bajos a los productores para construir o mejorar las instalaciones de almacenamiento en sus granjas y comprar equipos de manipulación. También ofrece préstamos que brindan financiamiento provisional para ayudar a los productores a satisfacer sus necesidades de flujo de efectivo sin tener que vender su mercancía cuando los precios del mercado son bajos.  Los fondos para estos préstamos se proporcionan a través de la Corporación de Crédito para Productos Básicos (*Commodity Credit Corporation*, CCC) y la FSA los administra.         
                            - Préstamos para  productos básicos (desembolsado en menos de un año): 6.000 %   
                            - Préstamos para instalaciones de almacenamiento agrícola: 

        Préstamo a tres años: 4.375 %    

        Préstamo a cinco años: 4.250 %     

        Préstamo a siete años: 4.250 %     

        Préstamo a diez años: 4.250 % 

        Préstamo a doce años: 4.250 %    
                            - Préstamos para instalaciones de almacenamiento de azúcar  (15 años): 4.375 %        

**Mejoras al Proceso del Programa de Préstamos Agrícolas  **La FSA tiene una importante iniciativa en marcha para agilizar y automatizar el proceso comercial orientado al cliente del Programa de Préstamos Agrícolas. La FSA ha realizado varias mejoras que beneficiarán a los más de 26,000 productores que presentan una solicitud de préstamo directo anualmente. Estas mejoras incluyen:       
                            - La  Solicitud de Préstamo en Línea , una solicitud digital, interactiva y guiada que ofrece herramientas útiles, entre las que se incluyen una opción de firma electrónica, la posibilidad de adjuntar documentos de respaldo, como declaraciones de impuestos, y de completar un estado de situación financiera y crear un plan operativo agrícola.    
                            - La  Herramienta de Asistencia para Préstamos  que proporciona a los clientes una guía interactiva en línea, paso a paso, para identificar los préstamos directos que pueden ser más adecuados para sus posibles necesidades comerciales. También, para entender el proceso de solicitud.     
                            - Una  herramienta de pago directo de préstamos en línea  que ayuda a que los prestatarios no tengan la necesidad de llamar, utilizar el servicio postal o visitar un Centro de Servicios local para pagar una cuota del préstamo.  
                            - Una  solicitud física simplificada  para préstamos directos, reducida de 29 a 13 páginas.     

 

USDA is an equal opportunity provider, employer and lender.

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## Recent News

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                        - 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. 
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