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Farm Loan Interest Rates by Geographic Region

Author

Listed:
  • Miller, Noah
  • Ifft, Jennifer
  • Mashange, Gerald

Abstract

In this article, we continue our series on farm debt interest rates by exploring interest rate variation across different U.S. geographic regions. In our previous article (farmdoc daily, February 14, 2024), we looked at trends in median interest rates charged on farm debt issued by Farm Credit System (FCS) lenders, commercial banks, and vendors between 2008 and 2022. We extend this analysis by considering the geographic location of borrowers in 2022 and examine regional differences in median interest rates by lender. As of 2022, the farm sector had $496 billion in outstanding debt. Real estate debt accounted for $335 billion, and non-real estate debt accounted for $161 billion (USDA-ERS 2023).

Suggested Citation

  • Miller, Noah & Ifft, Jennifer & Mashange, Gerald, 2025. "Farm Loan Interest Rates by Geographic Region," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 14(36).
    • Handle: RePEc:ags:illufd:358570
    DOI: 10.22004/ag.econ.358570
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    1. Noah, Miller & Ifft, Jennifer & Mashange, Gerald, 2024. "Farm Loan Interest Rate Trends by Major Lender Groups," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 14(31), February.
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