USDA highlights programs helping distressed farm borrowers, outlines 2023 goals
In 2022, the USDA’s Farm Service Agency FSA provided nearly $800 million in assistance to distressed borrowers.
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USDA provides nearly $800 million in loan relief, more aid to come
The relief effort is part of the $3.1 billion allocated by the Inflation Reduction Act for distressed borrowers of USDA loans.
USDA to Guarantee $1 Billion in Loans for Rural Businesses, Ag Producers
With many rural businesses and agricultural producers facing financial challenges as a result of COVID-19, the Department of Agriculture today announced that it will make available up to $1 billion in loan guarantees for these entities through Farm Service Agency loan programs and through the USDA Business and Industry CARES Act Program, a new program that provides working capital loans to help rural businesses prevent, prepare for or respond to the effects of the pandemic.
Kansas Banker Urges Support for ABA-Backed Ag Bill
Kansas banker Shan Hanes testified before a House Agriculture Subcommitee today, offering the association’s perspective on agricultural credit issues in rural America.
ABA Calls for Updates to USDA’s Farm Loan Programs
In a statement for the record before today’s House Agriculture Committee hearing on the rural economy, ABA called on lawmakers to ensure farmers’ ongoing access to adequate credit by updating the U.S. Department of Agriculture’s guaranteed farm loan programs.
USDA to Restore Full-Time Operation of Farm Service Agency
As the government shutdown enters its fifth week, the Department of Agriculture announced that it will temporarily resume full-time operations of its Farm Service Agency offices nationwide.
USDA to Temporarily Reopen FSA Offices During Shutdown
With the government shutdown now approaching its fourth week, the Farm Service Agency will temporarily reopen several of its offices to provide assistance to farmers and ranchers, the Department of Agriculture announced today.
Congress Passes ABA-Backed 2018 Farm Bill
With a vote of 369 to 47 today, the House approved the 2018 Farm Bill.
USDA Now Accepting Applications from Producers Seeking Trade, Tariff Relief
The United States Department of Agriculture is now accepting applications from farmers and ranchers that have been adversely affected by recent tariffs to receive relief under its Market Facilitation Program.
ABA Applauds Bill to Raise Funding for FSA Programs
The American Bankers Association today expressed support for legislation introduced by Sen. Mike Rounds (R-S.D.) that would increase the lending limit and overall funding for the Farm Service Agency’s guaranteed farm ownership and operating loan programs.