Greene/Orange/Louisa/Albemarle/Madison county Virg | MountainValleyFarmer - 12/13/2025 09:27
Our latest Farm acquisition was bought two years ago. We have that form at 8.5% interest with Farm Credit. Now the Fed rate has dropped as much as it has. I talked to my banker the other day about a refi on that farm. He quoted me at 7.95%. Is he pulling my leg? What are you guys seeing out there?
I don't know if interest rates vary much by region, but last June 2024 $1.5 million for 20 years was 7.5%
This June $3.6 million for 25 years is 7%
Right now in Dec $2 million for 20 years is 7% as well.
This is all private bank lending, farm purchases and annual notes.
This is also in the state of VA
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Current interest rates
