Ag Interest Rate Snapshot

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Farm Credit Rates 6/26/2020 | 7:36 AM CDT DTN Ag Interest Rate Snapshot TODAY – LAST YEAR as of: 6/26/20 6/26/19 BENCHMARKS Prime Rate 3.25 5.50 30-Day Libor 0.18 2.40 1-Year Libor 0.57 2.15 10-Yr. Treasury 0.66 2.01 CCC Loan Rate 1.125 3.375 Real Estate * 4.34 5.59 Operating * 4.57 5.42 Feeder Livestock * 5.06 4.80 Farm Machinery * 5.31 5.89 * Federal Reserve’s quarterly average effective interest rates at ag banks. © Continue reading

No end in sight for dairy farmer struggling with loan issue

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Original Article:   The impact of the government shutdown is real for Reynoldsville, Pa., dairy farmer Bill Smith. He was having problems with his local USDA Farm Service Agency long before the shutdown, but his situation has gotten worse since the shutdown began. Smith is the fifth generation on his dairy farm, which is located along Interstate 80. He has a milking herd of 120 registered Holsteins and prides himself in showing cattle, including Continue reading

Helping beginning farmers find land Farmland Access Bootcamp will be Feb. 9 in central Iowa.

Posted by & filed under Crop Production, Financing, News, Real Estate Market.

Original Article Here:   Finding land to farm can be an enormous stumbling block for new farmers. But you can get a leg up on your search by attending a one-day course. Part of a multiyear project led by Minnesota-based Renewing the Countryside, in partnership with Practical Farmers of Iowa and other regional organizations, the Farmland Access Bootcamp will provide beginning farmers with a comprehensive overview of land access strategies, tools and resources, and Continue reading

FSA Offers Joint Financing Option on Direct Farm Ownership Loans

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The USDA Farm Service Agency’s (FSA) Direct Farm Ownership loans are a resource to help farmers and ranchers become owner-operators of family farms, improve and expand current operations, increase agricultural productivity, and assist with land tenure to save farmland for future generations. Depending on the applicant’s needs, there are three types of Direct Farm Ownership Loans: regular, down payment and joint financing. FSA also offers a Direct Farm Ownership Microloan option for smaller financial needs Continue reading