USDA Sets October Interest Rates

WASHINGTON - Oct 1/21 - SNS -- The USDA set loan interest rates for October 2021.

The rates re as follows:

Interest rates for Operating and Ownership loans for Oct. 2021 are as follows:

- Farm Operating Loans (Direct): 1.750%

- Farm Ownership Loans (Direct): 2.875%

- Farm Ownership Loans (Direct, Joint Financing): 2.500%

- Farm Ownership Loans (Down Payment): 1.500%

- Emergency Loan (Amount of Actual Loss): 2.750%

Rates for Commodity Loans (less than one year disbursed) were set at 1.125%.

Rates for Farm Storage Facility Loans:

- Three-year loan terms: 0.375%

- Five-year loan terms: 0.750%

- Seven-year loan terms: 1.125%

- Ten-year loan terms: 1.375%

- Twelve-year loan terms: 1.500%

- Sugar Storage Facility Loans (15 years): 1.625%

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