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USDA Announces August 2021 Lending Rates for Agricultural Producers

Contact: FPAC.BC.Press@usda.gov

WASHINGTON, August 2, 2021 – The U.S. Department of Agriculture (USDA) announced loan interest rates for August 2021, which are effective August 2. USDA’s Farm Service Agency (FSA) loans provide important access to capital to help agricultural producers start or expand their farming operation, purchase equipment and storage structures, or meet cash flow needs.

Biden Administration to Invest $67 Million to Help Heirs Resolve Land Ownership and Succession Issues

COLUMBIA, S.C., July 29, 2021The U.S. Department of Agriculture (USDA) is providing $67 million in competitive loans through the new Heirs’ Property Relending Program (HPRP), which aims to help agricultural producers and landowners resolve heirs’ land ownership and succession issues. Intermediary lenders -- cooperatives, credit unions, and nonprofit organizations – can apply for loans up to $5 million at 1% interest once the Farm Service Agency (FSA) opens the two-month signup window in late August.

Biden Administration to Invest $67 Million to Help Heirs Resolve Land Ownership and Succession Issues

ANNAPOLIS, MD, July 29, 2021– The U.S. Department of Agriculture (USDA) is providing $67 million in competitive loans through the new Heirs’ Property Relending Program (HPRP), which aims to help agricultural producers and landowners resolve heirs’ land ownership and succession issues. Intermediary lenders -- cooperatives, credit unions, and nonprofit organizations – can apply for loans up to $5 million at 1% interest once the Farm Service Agency (FSA) opens the two-month signup window in late August.