USDA Announces Near-Record Year For Farm Loans
January 26, 2018
WASHINGTON, D.C. – The U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) has announced another year of high activity in its farm loan programs. Hard-working farm families across the country accessed nearly $6 billion in new credit, either directly or guaranteed through commercial lenders in 2017. At year end, FSA was assisting more than 120,000 family farmers with loans totaling just over $25 billion.
“FSA loan funds have been in high demand the last few years,” said Dr. Robert Johansson, Acting Deputy Under Secretary for the Farm Production and Conservation mission area...