Committed to helping farmers new to the industry to secure the funds they need through FSA loans
* 10-20% down payment and collateral is generally required for USDA-guaranteed financing.
We understand the unique challenges faced by young and growing farms. You play a critical role in feeding the world and keeping supply chains moving with essential products. You shouldn't be faced with barriers to securing the funding you need for the vital work you do.
We work with the U.S. Department of Agriculture’s (USDA) Farm Service Agency (FSA) to bring loans to farmers who cannot obtain financing from commercial lenders. We simplify the process and ensure your questions are answered every step of the way.
FSA loans are aimed specifically at farmers and ranchers looking to access low-interest federal credit options that are easier to obtain than conventional loans. The program offers low down payment programs for young or economically disadvantaged farmers, making the possibility of farm and ranch ownership a reality.
FSA loans are easier to qualify for than traditional lending programs. To be considered for an FSA loan, you must meet the following requirements:
FO loans offer up to $300,000 in funding for farm ownership.
Direct OL loans offer $300,000 as well as micro loan options up to $35,000.
These guaranteed loans offer funding up to $1,776,000,varying annually based on inflation.
There are three types of FSA loans to support new farmers in their efforts to purchase farms and farmlands or fund farm operations.
Have not operated a farm for more than 10 years.
Meet the loan eligibility requirements of the program to which you are applying.
Substantially participate in the operation.
Not own a farm or ranch greater than 30 percent of the average size farm in the county.
The USDA also offers joint funding options with other lenders to fund up to 100% of the FSA loan. Through this option, the USDA funds up to 50% of the loan and another lender funds 50% or more of the loan. Repayment terms on joint funding options extend up to 40 years.
Other benefits of FSA loans include
FSA loans offer lower interest rates than traditional lending programs.
Specific groups of farmers and ranchers can receive special considerations due to the numerous programs aimed at supporting farmers.
When disasters or emergencies strike, the USDA offers special FSA loans to replace or restore equipment, machines, and property.
FSA loan processing times are faster than traditional lending programs.
Socially disadvantaged farmers have access to low down payment programs. Retiring farmers may also transfer their farms to future farmers via this program.
