What Are Current Farm Loan Rates? Farm Operating Loans (Direct): 1.375% Farm Operating Loans (Microloan “Special Interest Rate”): 5.000% Do farm loans have lower interest rates? Government-backed loans from the USDA’s FSA provide funds for farm startup or acquisition, operations, and expansion with the lowest available down payment requirements and interest rates. Payback terms can
What Do I Need To Know About Buying Raw Land? Do work with an agent to find the land. Do have your finances in order. Do consider the value of homes in the neighborhood. Do take utilities and road access into account. Do consider incentives. Don’t expect to get a loan. Don’t skip the environmental
What Is The Federal Land Bank? The federal land bank (FLB) is a network of regional cooperative banks that provide long-term loans to farmers and ranchers. Founded in 1916, the federal land bank system is now regulated by the Farm Credit Administration (FCA). How does farm credit work? Farm Credit raises funds by selling debt