More than 26,000 customers who submit a Direct Loan application each now have an online option that provides an electronic signature option, the ability to attach supporting documents such as tax returns, complete a balance sheet and build a farm operating plan.
Browsing: Farm Service Agency
One of the top priorities for the banking industry, as many farms over the next decade may be switching hands as older farmers retire.
In 2022, the USDA’s Farm Service Agency FSA provided nearly $800 million in assistance to distressed borrowers.
The relief effort is part of the $3.1 billion allocated by the Inflation Reduction Act for distressed borrowers of USDA loans.
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 Shan Hanes testified before a House Agriculture Subcommitee today, offering the association’s perspective on agricultural credit issues in rural America.
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.
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.
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.