DES MOINES — The U.S. Department of Agriculture Iowa Farm Service Agency announced Monday that farmers and ranchers still have time to apply for low interest 2014 loans available through FSA’s direct farm ownership program. The deadline to submit applications is Sept. 30.
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.
FSA encourages all interested applicants to contact their local FSA office to speak with a loan representative.
For more information, visit www.fsa.usda.gov.