{"id":39448,"date":"2025-11-07T04:30:33","date_gmt":"2025-11-07T09:30:33","guid":{"rendered":"https:\/\/unitedresourceconnection.org\/cannon-ball-nd-58528\/governor-rhoden-and-goed-lower-interest-rates-to-support-south-dakotas-farmers-and-ranchers\/"},"modified":"2025-11-07T04:30:33","modified_gmt":"2025-11-07T09:30:33","slug":"governor-rhoden-and-goed-lower-interest-rates-to-support-south-dakotas-farmers-and-ranchers","status":"publish","type":"post","link":"https:\/\/unitedresourceconnection.org\/cannon-ball-nd-58528\/governor-rhoden-and-goed-lower-interest-rates-to-support-south-dakotas-farmers-and-ranchers\/","title":{"rendered":"Governor Rhoden and GOED lower interest rates to support South Dakota\u2019s farmers and ranchers"},"content":{"rendered":"
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PIERRE, S.D. \u2013 Governor Larry Rhoden and the South Dakota Governor\u2019s Office of Economic Development (GOED) have announced lower interest rates for the state\u2019s Rural Development loan programs, giving farmers and ranchers greater financial flexibility.<\/p>\n

The rate reductions, which took effect October 21, 2025, lower the base interest rate to 3.5 percent, with a 2.5 percent rate available to qualified beginning farmers and ranchers. The GOED Loan Committee voted to make the change following a review of federal rate adjustments and statewide lending conditions.<\/p>\n

\u201cAg is king in South Dakota, and we\u2019re backing that up with action,\u201d said Governor Rhoden. \u201cBy lowering these interest rates for rural development, we\u2019re helping producers invest in their operations and strengthen their communities. This action keeps South Dakota Open for Opportunity and focused on long-term growth.\u201d<\/p>\n

\u201cWhen the Federal Reserve lowered its benchmark rate, we took a hard look at how our programs could better serve South Dakotans,\u201d said Commissioner Even. \u201cWhether it\u2019s a young rancher taking their first step or a family operation expanding their herd, this decision supports the future of South Dakota agriculture.\u201d<\/p>\n

The Rural Development programs provide financing for land, equipment, and livestock. Only a few producers access these programs in a typical year, but GOED hopes the new rates will change that. By working with local lenders and purchasing participations\u00a0when needed, the agency can help more farmers and ranchers secure the capital they need to grow.<\/p>\n

Producers interested in learning more about the Rural Development programs or determining eligibility for the new rates can visit sdgoed.com or contact GOED\u2019s financing team<\/p>\n

The post Governor Rhoden and GOED lower interest rates to support South Dakota\u2019s farmers and ranchers<\/a> first appeared on Native Sun News Today<\/a>.<\/p>\n

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Visit Original Source<\/a><\/p>","protected":false},"excerpt":{"rendered":"

<\/span><\/div>

PIERRE, S.D. \u2013 Governor Larry Rhoden and the South Dakota Governor\u2019s Office of Economic Development (GOED) have announced lower interest rates for the state\u2019s Rural Development loan programs, giving farmers and ranchers greater financial flexibility. The rate reductions, which took effect October 21, 2025, lower the base interest rate to <\/p>\n

Read More<\/a>
Shared by Native Sun News Today<\/a> November 7, 2025<\/p>\n

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