USDA Announces September 2023 Lending Rates for Agricultural Producers

Web AdminUSDA

WASHINGTON – The U.S. Department of Agriculture (USDA) announced loan interest rates for September 2023, which became effective Sept. 1, 2023. The USDA’s Farm Service Agency (FSA) loans provide important access to capital to help farmers start or expand their farming operation, purchase equipment and storage structures or meet cash flow needs.   

USDA farm loan interest rates

Operating, Ownership and Emergency Loans  

FSA offers farm ownership and operating 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 an agricultural operation. FSA also offers emergency loans to help producers recover from production and physical losses due to drought, flooding, other natural disasters or quarantine.  

Interest rates for Operating and Ownership loans for September 2023 are as follows:   

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  

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.   

Disaster Support 

FSA also reminds rural communities, farmers and ranchers, families and small businesses affected by the past year’s winter storms, drought, hurricanes and other natural disasters, that USDA has programs that provide assistance. USDA staff in the regional, state and county offices are prepared to deliver a variety of program flexibilities and other assistance to agricultural producers and impacted communities. Many programs are available without an official disaster designation, including several risk management and disaster recovery options. 

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 fam records data and customer information by logging in their account. If you don’t have an account, sign up today.