The actions by the Fed have now translated into a rather direct impact for agriculture, reduced borrowing costs for those getting Marketing Assistance Loans (MALs) from the Farm Service Agency (FSA).
The interest rate on commodity loans disbursed in April will be 1.625%, down from 2.5% in March. Plus the stimulus package extends the maturity on the loans for an additional three months, taking it to 12 months.
Rates on Farm Storage Facility Loans (FSFLs) also declined markedly for April, falling to 0.75% to 1.25%, depending on the length of the loan, after those were at 1.375% to 1.625% in March.
Welcome
