Revenue Ruling 2021-15 contains a list of the average annual effective interest rates on new loans under the Farm Credit System used in computing the special use value of farm real property for which an election is made under Code Sec. 2032A. The rates in Table 1 may be used by estates that value farmland under Code Sec. 2032A as of a date in 2021. Table 2 contains a list of the states within each Farm Credit System Bank Territory.
Revenue Ruling 2021-15 is in IRB: 2021-35 dated 8/30/2021.