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Compare FSA direct loans, Farm Credit, and commercial lenders side-by-side. Rates updated May 2026.

— AcreCompass Research, 2026
$430B
U.S. ag lending market USDA ERS, 2025
6
Operating · Equipment · Ownership · Beginning · Emergency · Storage
$600K
FSA Direct max
5.85%
Farm Credit starting rate
30 yr
Max term available

Quick Recap

Independent Reviews

Lender scores based on rates, not commissions. Methodology weights: Rates 30%, Products 25%, Application 20%, Service 15%, Transparency 10%. See how we rate lenders.

FSA Programs Included

Government options alongside every commercial lender. We include FSA loans even though they pay no affiliate commissions.

State-by-State Coverage

Local programs for all 50 states. Every state has unique ag lending programs, beginning farmer grants, and FSA service center contacts — we map them all.

Top-Rated Farm Lenders

As of May 2026 · Updated monthly

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2
Fora Financial
Best for Large Loans
Starting ratefrom 7.00%
Max loan$1.4M
Funding speed24–48 hrs
Rating★ 4.5
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USDA FSA Direct
FSA Direct rate: 4.75% fixed (May 2026)
Starting ratefrom 4.75%
Max loan$600K
Funding30–60 days
Rating★ 5.0
Visit USDA FSA →
No affiliate relationship with USDA.

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Common Questions from Farmers

Which lender funds the fastest?
National Funding and Fora Financial typically fund in 1–3 business days. FSA direct loans take 30–60 days due to government processing.
What’s the maximum FSA farm loan amount?
FSA Direct Loans cap at $600,000. FSA Guaranteed Loans — where a commercial lender makes the loan and USDA backs it — go up to $2.24 million.
Do farm lenders pull my credit?
Most commercial lenders run a soft pull during pre-qualification. A hard inquiry happens only when you submit a full application. FSA uses its own creditworthiness criteria, not a FICO score.
Can I get a farm loan with bad credit?
Yes. FSA Beginning Farmer loans and USDA microloans are designed for borrowers who cannot get conventional credit. Lendio also works with lower credit profiles through its 75+ lender marketplace.
What’s the difference between an operating loan and a farm ownership loan?
Operating loans cover annual expenses — seeds, fertilizer, labor — and typically run 1–7 years. Ownership loans finance land purchases and run 20–40 years at lower rates.