The Farm Service Agency (FSA) shared an updated farm loan program factsheet on its website with new information effective October 1, 2012. The factsheet provides an overview of the types of loans available and borrower eligibility information. Under the FSA farm loans program, farmers can apply for farm ownership loans, farm operating loans, a downpayment program for socially disadvantaged and beginning farmers, rural youth loans, emergency loans, conservation loans, land contract guarantees and loan servicing and supervised credit.
A Farm Loan Information Chart is also available, providing a concise summary for each loan program and details on the maximum borrowing amount and the rates and terms and use of proceeds for each type of loan.
Visit the FSA website for more information on FSA Farm Loan programs.