Direct Farm Ownership Down Payment Loans
By partnering with the USDA Farm Service Agency, down payment assistance is available for beginning farmers. The program has a loan limit of up to $225,000 which is based on 45% of the purchase price or appraised value, whichever is less. As provided by law, the interest rate will be the current USDA Farm Ownership rate less 4% or 1.5% whichever is the higher of the two choices. The maximum loan term is 20 years.