USDA’s Farm Service Agency says 2017 was another year of high activity in its farm loan programs, with farm families accessing nearly $6 billion in new credit, either directly or guaranteed through commercial lenders. FSA says that at year end, it was assisting more than 120,000 family farmers with loans totaling just over $25 billion. “FSA loan funds have been in high demand the last few years,” said Rob Johansson, USDA's chief economist and acting deputy undersecretary for the Farm Production and Conservation mission area. He noted that the loan programs help small, beginning and underserved farmers who are unable to obtain commercial credit. “Family farmers across America also come to us for credit when they face challenges to stay in business,” Johansson said. “We’re proud to support rural prosperity by providing credit to those who need it most.” FSA provides a variety of loan assistance, including direct and guaranteed farm ownership loans, operating loans and even direct Microloans up to $50,000 and EZ Guarantees up to $100,000 with streamlined application processes. Information about the various types of farm loans available can be found in Your Guide to FSA Farm Loans or by contacting your local FSA office.
Balanced Reporting. Trusted Insights. Tuesday, May 24, 2022