FSA Offering Loans for First Time, Young, and Underserved Farmers
While the Farm Service Agency is committed to serving all farmers and ranchers, by statute, the FSA does target a portion of all their Guaranteed loan fund, Direct Operating and Direct Farm Ownership loan funds, and microloan funding to new, and underserved applicants. Gary Schommer with the Polk County FSA says that includes any applicant who is considered part of socially disadvantaged group.
Schommer also notes that for Guaranteed Loan lenders of the FSA, there is new application form that must be used when applying.
For more information regarding the FSA Loan programs, please contact your local FSA office or go to www.fsa.usda.gov.