Resources to help Get Started

Informational Purposes for those trying to buy or expand a farm:

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

Interest rates for Operating and Ownership loans for November 2024 are as follows:

Farm Operating Loans (Direct): 4.500%

Farm Ownership Loans (Direct): 5.125%

Farm Ownership Loans (Direct, Joint Financing): 3.125%

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.