Agricultural Producers Still Have Time to Apply for Direct Farm Ownership Loans

Farmers and ranchers still have time to apply for 2014 low interest loans available through FSA’s direct farm ownership program. Eligible producers can borrow up to $300,000 in direct farm ownership loans to buy or enlarge a farm, construct new farm buildings or improve structures, pay closing costs, or promote soil and water conservation and protection. The interest rate on select loans can be as low as 1.5 percent with up to 40 years to repay. Those interested should contact their local FSA county office. Find your local FSA county office.