Browsing: Farm Service Agency

Ag Banking

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.


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.

Ag Banking

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.

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