Loans for Your Farm or Ranch
United States Department of Agriculture
Loans for Your Farm or Ranch
Type of Loan
Direct Farm Ownership Go
Purpose
Maximum Loan Amount
Direct Loans are made and serviced directly by USDA Farm Service Agency (FSA)
These loans can help you purchase or enlarge a farm or ranch, make a down payment on a farm or ranch, construct a new or improve an existing farm or ranch building, pay closing costs, and pay for soil and water conservation and protection.
$600,000
Rates and Terms
Term: Up to 40 years Interest Rate: fixed
Direct Farm Ownership Microloans
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These loans can be used for any approved Farm Ownership purpose.
$50,000
Term: Up to 25 years
Interest Rate: fixed
Oct 2021
USDA is an equal opportunity provider, employer, and lender.
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Type of Loan
Purpose
Direct Farm Ownership Down Payment
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These loans help you purchase a farm or ranch. They require a 5% cash down payment.
Maximum Loan Amount
The lowest of the following:
? 45% of the farm or ranch purchase price
? 45% of the appraised value
? FSA portion cannot exceed $300,150
Rates and Terms
Term: Up to 20 years
Interest Rate: FO rate minus 4%, but not less than 1.5%
Direct Farm Ownership Joint Financing
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These loans can help you purchase a farm or ranch by splitting the purchase between FSA and another lender.
Up to 50% of the total amount financed or $600,000, whichever is less.
Term: Up to 40 years
Interest Rate: fixed rate based on the FO rate minus 2%, with a cap of 2.5%
Oct 2021
USDA is an equal opportunity provider, employer, and lender.
2
Type of Loan
Direct Farm Operating Microloans
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Purpose
Microloan OL's can be used for all approved expenses as authorized by the FSA Operating Loan Program, including but not limited to: Initial start-up expenses; annual expenses such as seed, fertilizer, utilities, land rents; marketing and distribution expenses; family living expenses; purchase of livestock, equipment, and other materials essential to farm operations; minor farm improvements such as wells and coolers; hoop houses to extend the growing season; essential tools; irrigation; and/or delivery vehicles.
Note: Microloans are a simplified, streamlined program requiring less paperwork and less farm management experience than some other lending programs.
Maximum Loan Amount
$50,000
Rates and Terms
Term: 1 to 7 years, depending upon purpose
Interest Rate: fixed
Direct Operating Go
These loans can help you purchase livestock and equipment; pay annual operating expenses, marketing cost, closing costs, borrower training costs, land and water development costs; refinance farm-related debts; and pay for minor real-estate repairs.
$400,000
Term: 1 to 7 years
Interest Rate: fixed
Oct 2021
USDA is an equal opportunity provider, employer, and lender.
3
Type of Loan
Purpose
Direct Emergency
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These loans can help you if you suffered a qualifying loss caused by natural disasters that damaged your farming or ranching operation. Emergency loan funds may be used to restore or replace essential property and working capital, pay all or part of production costs associated with the disaster year, pay essential family living expenses, reorganize the farming operation, and refinance certain debts.
Maximum Loan Amount
The lowest of the following:
? 100% actual or physical losses
? $500,000
Rates and Terms
Term: 1 to 7 years (possibly up to 20 years) for non-real estate purposes.
Up to 40 years for physical losses on real estate.
Interest Rate: fixed
Farm Storage Facility Loan Program
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To build or upgrade permanent facilities to store commodities; cover the structure and equipment required to get fruits and vegetables washed, treated, and packed along with the cold storage that had been previously covered exclusively.
$500,000
Loan terms are 7 years, 10 years, or 12 years, depending on the amount of the loan.
Oct 2021
USDA is an equal opportunity provider, employer, and lender.
4
Type of Loan
Purpose
Youth Loans Go
To establish and operate income-producing projects of modest size in connection with their participation in 4-H clubs, FFA, and similar organizations. A Youth loan is available to persons between the ages of 10 and 20 years.
Maximum Loan Amount
$5,000
Rates and Terms
Term: 1 to 7 years
Interest Rate: fixed
Guaranteed Loans are made and serviced by commercial lenders like banks or credit unions.
Guaranteed Farm Ownership
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These loans can help you purchase or enlarge a farm or ranch, construct a new or improve an existing farm or ranch building, pay closing costs, refinance qualifying debt, and pay for soil and water conservation and protection. There is a fee of 1.5% of the loan amount.
The maximum loan amount is adjusted annually for inflation and is currently $1,825,000.
Term: Up to 40 years
The interest rate is negotiated by you and your lender and may be fixed, variable, or both.
Oct 2021
USDA is an equal opportunity provider, employer, and lender.
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