New Jersey Farm Service Agency Announces Loan Rates for December 2019

Price Support Loans

Farm Storage Facility Loan (FSFL) Program
New: Road tractors and propane storage tanks, when part of a grain drying system, are now eligible for FSFLs. 

  • 3   year loan – 1.625%
  • 5   year loan – 1.625%
  • 7   year loan – 1.750%
  • 10 year loan – 1.875% 
  • 12 year loan – 1.875%

    FSFL Microloans are also available for the 3, 5, and 7 year terms at the 3, 5, and 7 year term rates for a maximum aggregated loan amount of $50,000 and at a reduced down payment of 5% (regular FSFL loans require 15% down and have a maximum loan amount of $500,000).

     
  •  Commodity Loan – 2.625%

Farm Loans

2018 Farm Bill Changes: The Direct Operating Loan limit increases to $400,000 and the Guaranteed Operating loan limit increases to $1,750,000. The Direct Farm Ownership Loan limit increases to $600,000,and the Guaranteed Farm Ownership loan limit increases to $1,750,000.

Download a Microloan Application and instructions

Call your local county office for additional information

USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users).