The Farm Service Agency is committed to providing family farmers with loans to meet their farm credit needs.
If you are having trouble getting the credit you need for your farm, or regularly borrow from FSA, direct and guaranteed loans are currently available.
Farm ownership loans or farm operating loans may be obtained as direct loans for a maximum of up to $300,000.
Guaranteed loans can reach a maximum indebtedness of $1,119,000.
Producers are encouraged to apply early so that a loan can be processed and funded in a timely manner.
The following are some of the Farm Loan programs that FSA offers:
Beginning and limited resource farmers
FSA assists beginning farmers and or members of socially disadvantaged groups to finance agricultural enterprises.
Under these designated farm loan programs, FSA can provide financing to eligible applicants through either direct or guaranteed loans.
FSA defines a beginning farmer as a person who:
--Has operated a farm for not more that 10 years
--Will materially and substantially participate in the operation of the farm
--Agrees to participate in a loan assessment, borrower training and financial management program sponsored by FSA
--Does not own a farm in excess of 30 % of the county's average size.
Rural youth loans
The Farm Service Agency makes loans to rural youths to establish and operate income-producing projects in connection with 4-H clubs, FFA and other agricultural groups.
Projects must be planned and operated with the help of the organization advisor, produce sufficient income to repay the loan and provide the youth with practical business and educational experience.
The maximum loan amount is $5,000.
The Conservation Loan (CL) Program provides farmers with the funding necessary to implement conservation measures on their land.
The available limit for a direct CL is $300,000, and the limit for a guaranteed CL is $1,119,000.
The Natural Resources Conservation Service (NRCS) will work with applicants to develop a conservation plan containing approved conservation practices.
Examples of some conservation practices are: water conservation structures, forest cover, permanent pastures, manure digesters, and other installations.
To find out more about these and other FSA loan programs, contact the county office staff or go to www.fsa.usda.gov.