Interest rates for all existing Utah Department of Agriculture and Food loans will be set to 0% for one year beginning November 1, 2026. This measure, which remains in effect until October 31, 2027, is intended to support producers across the state.
The interest rate change will apply automatically to every active loan without requiring action from the borrower. On November 1, 2027, rates will automatically revert to the interest rate stated in the original promissory note.
Producers may also apply for an optional loan payment deferral for up to 12 months to assist with recovery. Requests for deferral must be submitted via an official online form no later than October 31, 2026. Those who have already made their 2026 payments may opt to defer their 2027 payments.
For those currently past due, loan staff will review deferral requests and contact individuals to discuss specific options. If approved, a loan modification form will be emailed for electronic signature prior to the next payment due date. Regular payment schedules will resume automatically at the end of the approved deferral period.
The Utah Department of Agriculture and Food oversees several programs, including the Agriculture Resource Development Loan, which focuses on conserving soil and water and increasing agricultural yields. The department also manages Emergency Disaster Relief Loans for production losses related to declared disasters, and Rural Rehabilitation Loans, which serve as a loan of last resort for those unable to secure conventional financing.
