FSA Loan Information

With the uncertainty in the soybean market regarding basis, I thought we would send out some information on FSA programs for loan rates. I’m sure all of you know and understand that basis does not affect the way crop insurance values commodities. They use future pricing and as of today we do not see a great movement downward in the spring and harvest prices. County FSA offices have loan rates based on the county rates and county yields. These loans are currently at 5%. You must have control over your commodity in order to receive the loan. Loans are based off the following prices but again can vary depending on county.

  • Soybeans $5.85
  • Corn $2.06
  • Wheat $3.12

September 2025 Loan and Interest Rates

Farm Storage Facility Loan, 3-Year Term: 3.750%

Farm Storage Facility Loan, 5-Year Term: 3.875%

Farm Storage Facility Loan, 7-Year Term: 4.000%

Farm Storage Facility Loan, 10-Year Term: 4.375%

Farm Storage Facility Loan, 12-Year Term: 4.500%

Commodity Loans: 5.000%

Marketing Assistance Loans (MAL)

The Marketing Assistance Loans (MAL) program, administered by the Farm Service Agency (FSA), offers loans to producers of eligible commodities to help manage their cash flow needs and provide marketing flexibility. By using their harvested commodities as collateral, producers can obtain interim financing and delay the sale of their crops until market prices improve. MALs help stabilize agricultural income and ensure that farmers have the financial resources to continue their operations.

Loan Term: Term up to 9 months. Use harvested commodity as collateral, loan amount based on established loan rate for the commodity. Rates are intended to reflect local market conditions and storage costs. Producers can repay the loan at the lesser of the loan rate plus interest or the posted county price. Alternatively, producers can forfeit the commodity to the CCC as full payment for the loan at maturity.

Farm Storage Facility Loans

Provide low-interest financing for producers to store handle and/or transport eligible commodities they produce. This includes the following:

  • Acquire, construct or upgrade new or used, portable or permanently affixed, on farm-storage and handling facilities
  • Acquire new or used storage and handling trucks
  • Acquire portable or permanently affixed storage and handling equipment

May borrow up to $500,000. Minimum down payment of 15%. Loan terms are up to 12 years. Must show storage needs based on 3 years of production history.

Emergency Loans – 3.750%

State/County must be declared by President or Secretary of Ag. Used to help those who have suffered a loss caused by natural disasters.

  • Restore or replace essential property
  • Pay all or part of production costs associated with the disaster year
  • Reorganize farming operation
  • Refinance certain debts
  • Pay essential family living expenses

For production loss loans, applicants must have suffered a loss of production below the normal production yield of the crop.

Designated Counties

  • North Dakota
    • Golden Valley (Drought)
    • Billings (Drought)
    • McKenzie (Drought)
    • Slope (Drought)
  • Minnesota
    • Pennington County (Excessive Rain)
    • Beltrami (Excessive Rain)
    • Clearwater (Excessive Rain)
    • Marshall (Excessive Rain)
    • Polk (Excessive Rain)
    • Red Lake (Excessive Rain)