The U.S. Department of Agriculture's Farm Service Agency (FSA) offers direct and guaranteed loans to farmers to promote, build, and sustain family farms for a thriving agricultural economy.
Better Banks can help you navigate the complexities of these financial resources available to farmers. FSA Farm Loans can be used to purchase land, livestock, equipment, feed, seed, and supplies, construct buildings, or make farm improvements. Best of all... they offer lower rates and longer terms.
The goal of FSA's farm loan programs is to help farmers obtain commercial credit while working with a commercial lender. Below are a few of the loans available through the FSA Loan Program. Learn more about FSA loan programs
Direct Farm Loans
FSA's Direct Loan Program is designed to help farmers start, purchase, or expand their farming operation. From beginning farmers with limited financial history to qualify for commercial credit to those who have suffered financial setbacks from natural disasters, FSA offers a variety of loans to provide additional resources farmers need to establish and maintain profitable farming operations.
Guaranteed Farms Loans
Guaranteed loans are made and serviced by commercial lenders. Under a guaranteed loan, a commercial lender makes and services the loan, and FSA guarantees it against loss up to a maximum of 90 percent in most cases or 95 percent in limited circumstances. FSA approves eligible loan guarantees and provides oversight of lenders' activities.
Farm Ownership Loans
Farm Ownership Loans may be used to purchase a farm, enlarge an existing farm, construct new farm buildings and/or improve structures, pay closing costs, and promote soil and water conservation and protection.
Farm Operating Loans
Farm Operating Loans may be used for normal operating expenses, machinery and equipment, minor real estate repairs or improvements, and refinancing debt.
Down Payment Program
The Down Payment loan assists socially disadvantaged and beginning farmers in purchasing a farm.
