Total Term 

Limited 

Borrowers 

Through 

12/31/2015

With 

Outstanding 

Direct Loans 

(2015) 1

No 

Outstanding 

Direct 

Loans 

(2015)

Total Term 

Limited 

Borrowers 

Through 

12/31/2014

With 

Outstanding 

Direct 

Loans 

(2014) 3

No 

Outstanding 

Direct 

Loans 

(2014) 3

Total Reaching DOL Term Limits 6,276 3,184 3,092 5,639 2,931 2,708

 With Outstanding DOL Balance 3,166 3,166 0 2,529 2,529 0

 Received FSA Loans After Term Limit Reached: 2

 Direct FO 60 53 7 36 31 5

 Direct EM 56 43 13 60 43 17

 FSA Guaranteed 1,084 437 647 997 388 609

 Received Primary Loan Servicing After Term Limit 1,218 766 452 1,012 563 449

 Loan Write-Off After Term Limit Reached

 Direct Debt Settlement 415 51 364 379 39 340

 Guaranteed Loss Claim Paid 79 30 49 73 26 47

 Targeted Group 4 0

 Beginning Farmer 5 4,892 2,491 2,401 4,594 2,239 2,355

 Racial-Ethnic Minority 505 318 187 455 293 162

 Woman 293 161 132 263 151 112

 SDA 751 458 293 674 424 250

 Veteran 381 151 230 367 151 216

 In SCIMS as eligible voters 6 5,340 2,886 2,454 4,815 2,542 2,273

 6 Not all direct borrowers may be eligible voters resulting in the number of eligible voters being less than number of borrowers. A 

legal entity may be a borrower, but only the individual members would be listed as eligible COC voters.

 Sources: FSA’s OBFN, OM3R, DSTH, GLS and R540 data files; and USDA SCIMS.

Table 1. Total Number of Direct Borrowers Reaching Term Limits Through 2014 and 2015 Since Implementation of Term 

Limit Restrictions in 1993

--- Number of Borrowers ---

 1 Includes all outstanding direct loans (FO, OL, and EM).

 2 Exclusive of waivers and exemptions for beginning farmers.

 

3

 Revised from 2014 Report.

 

4

 Groups are not mutually exclusive. A beginning farmer may also be a racial-ethnic minority, woman, or veteran.

 

5

 Qualified beginning farmer (defined as 10 or less years of farming experience) at time of last direct OL obligation.
0 Years 1-2 Years > 2 Yrs 0 Years 1-2 Years > 2 yrs

 Northeast 7.6 9.5 9.3 8.9 10.5 7.8 8.1

 Lake States 12.6 13.4 11.6 12.2 14.3 9.7 10.3

 Corn Belt 14.5 12.5 10.5 10.5 10.1 8.7 8.9

 Northern Plains 19.8 16.2 12.9 16.9 15.3 11.4 12.1

 Appalachia 12.8 12.2 13.3 17.3 15.2 15.6 15.7

 Southeast 5.7 5.1 6.4 7.1 6.4 9.1 8.8

 Delta 5.2 6.6 9.7 5.9 6.1 10.6 9.9

 Southern Plains 10.1 11.3 12.8 10.5 10.4 15.1 14.4

 Mountain 6.5 7.5 8.4 6.5 7.4 8.3 8.1

 Pacific 5.2 5.5 5.1 4.4 4.3 3.7 3.8

 1 Columns sum to 100%.

 2

 Excluding Alaska, Hawaii, and territories. See USDA ERS Farm Production Regions for descriptions of regions.

 Source: FSA OBFN and PLAS Data Files.

USDA Production Region 2

All 

borrowers

-- Percent --

Table 2. Distribution of Borrowers by Current Years of Eligibility and USDA Production Region. 1

Borrowers receiving DOLs since 

1993, by years of DOL eligibility 

remaining

Borrowers with outstanding DOLs by 

years of DOL eligibility remaining
1 5,575 11,900 6,796 4,108 24,414 52,793

2 2,480 5,002 2,838 1,813 8,885 21,018

3 1,504 2,901 1,465 1,028 4,904 11,802

4 1,079 1,766 898 639 2,266 6,648

5 786 1,042 582 464 1,493 4,367

6 or more 1,111 1,797 1,247 960 2,099 7,214

Total 12,535 24,408 13,826 9,012 44,061 103,842

Term limited 1 637 1,687 1,192 962 1,798 6,276

 1 The number of term limited borrowers (6,276) is less than the number of borrowers using 6 full years of 

eligiblity (7,214) becasue of adjustments made for beginning farmers and the transition rule (Section 311(c) of 

the ConAct) which gave additional years of eligiblity to borrowers receiving DOLs before April 1996.

 Source: FSA OBFN Database

Table 3. Total Borrowers Receiving DOLs (Excluding Youth Loans) Since 1993, by Years of 

Eligibility Used.

Years of Eligibility Used

Year of Last Direct OL Obligation

2011-2014 2008-2010 2005-2007

Before 

2015 2005

Total 

Borrowers
Total 

Assets

Total 

Debt Net Worth

DebtAssetTotal 

Assets

Total 

Debt Net Worth

DebtAsset

$ $ $ % $ $ $ %

2006 383,436 275,292 108,144 72 490,574 257,911 232,662 53

2007 427,937 270,384 157,553 63 572,413 268,872 303,541 47

2008 551,086 320,121 230,966 58 559,541 278,730 280,811 50

2009 740,603 405,947 334,656 55 609,950 315,272 294,679 52

2010 672,874 393,743 279,131 59 666,991 349,662 317,329 52

2011 785,299 416,049 369,250 53 673,752 351,391 322,361 52

2012 855,464 470,419 385,045 55 700,278 357,966 342,312 51

2013 751,721 415,959 335,762 55 687,356 343,588 343,768 50

2014 780,737 402,116 378,622 52 687,339 343,619 343,720 50

2015 821,621 415,660 405,961 51 624,711 321,659 303,052 51

 Source: FSA’s Farm Business Plan.

Table 4. Balance Sheet Characteristics for FSA Direct Borrowers for Last Business Plan Created 

During the Calendar Year.

 Term-Limited Borrowers 1 All Other Borrowers

 1 Last business plan filed during calendar year.

Year 

Term 

Limit 

Reached
Year 

Term 

Limits

Gross 

Revenue

Net 

Income

Non-farm 

Income

Non-farm 

Expenses Score 1 ROA 2 TDCR 3 FICO 4

2006 363,178 48,716 29,774 24,379 2.4 6.8 0.71

2007 295,228 46,926 31,618 33,530 2.3 4.8 0.68

2008 314,105 61,464 33,356 27,196 2.2 4.1 0.64

2009 381,314 57,650 33,970 28,262 2.3 5.2 0.76 681

2010 354,727 50,448 32,869 31,347 2.3 2.8 0.73 664

2011 285,967 51,816 34,333 29,700 2.1 5.1 0.68 681

2012 383,679 73,362 37,398 27,043 2.1 5.3 0.69 690

2013 333,772 55,834 34,372 29,020 2.2 4.3 0.74 672

2014 282,496 52,700 34,947 34,525 2.2 2.4 0.73 701

2015 347,271 56,520 36,120 33,916 2.1 3.5 0.71 698

2006 283,613 39,543 25,522 27,640 2.3 6.0 0.65

2007 241,757 32,725 27,563 30,317 2.4 4.9 0.77

2008 234,040 36,255 28,818 32,764 2.5 4.4 0.72

2009 287,348 36,478 29,360 33,456 2.4 4.9 0.73 687

2010 285,020 37,592 30,026 34,824 2.4 5.1 0.73 689

2011 250,396 43,155 31,079 35,386 2.3 4.4 0.69 691

2012 248,926 46,444 32,708 37,473 2.3 4.2 0.65 695

2013 237,180 46,325 33,267 39,102 2.3 4.0 0.65 694

2014 225,767 40,824 33,986 41,248 2.3 3.5 0.69 695

2015 232,472 48,906 31,739 53,288 2.3 3.5 0.69 697

Table 5. Selected Income Statement Characteristics for FSA Direct Borrowers for Last Business 

Plan Created During the Calendar Year.

 

1 FSA score is a borrower account classification used to determine a borrower’s eligibility for graduation. 

The score may range from 1 to 4 with 1 representing the most creditworthy and 4 being the least 

creditworthy.

 2 Return on assets.

 Source: FSA’s Farm Business Plan

Term Limited Borrowers

All Other Direct Borrowers

 4 FICO scores not available prior to 2009.

 3 Term debt coverage ratio (excludes non-farm income).
0 333,547 2.2 53.5

1 325,223 2.3 55.2

2 314,915 2.3 48.0

3 337,096 2.3 52.4

4 328,548 2.4 50.6

5 356,269 2.3 48.9

6 336,265 2.3 46.8

 Source: FSA’s Farm Business Plan

Table 6. Gross Revenue, FSA Score, and Debt-Asset Ratio, by Years After Reaching Term Limit 

(Since 2010).

Years after Term Limit Gross Revenue 1 Debt-Asset Ratio

 

1

 Adjusted for inflation using NASS prices received index.

 

2

 FSA borrower account classification score (see Table 4, note 1).

FSA Score 2
0 1 2 3 4 5 >5

 ALABAMA 20 9 24 31 83 175 1,170 1,512

 ALASKA 2 1 3 3 8 11 18 46

 ARIZONA 8 3 10 18 24 43 211 317

 ARKANSAS 88 41 88 137 203 249 891 1,697

 CALIFORNIA 40 23 38 59 99 121 428 808

 COLORADO 35 26 30 52 54 88 232 517

 CONNECTICUT 3 1 1 3 7 6 27 48

 DELAWARE 0 0 0 0 0 5 15 20

 FLORIDA 17 14 21 33 67 93 442 687

 GEORGIA 92 41 64 90 122 161 684 1,254

 HAWAII 7 5 11 11 21 56 141 252

 IDAHO 45 20 40 39 70 94 427 735

 ILLINOIS 37 18 25 49 63 87 316 595

 INDIANA 14 15 7 16 18 31 111 212

 IOWA 217 98 157 174 202 264 844 1,956

 KANSAS 108 58 77 112 188 249 729 1,521

 KENTUCKY 248 109 162 206 283 418 1,838 3,264

 LOUISIANA 50 28 42 71 100 183 795 1,269

 MAINE 28 15 18 15 31 31 120 258

 MARYLAND 0 1 4 10 15 20 63 113

 MASSACHUSETTS 18 12 14 28 53 59 134 318

 MICHIGAN 91 58 71 89 111 171 368 959

 MINNESOTA 136 84 121 138 174 200 633 1,486

 MISSISSIPPI 48 22 40 74 131 218 1,326 1,859

 MISSOURI 44 41 49 72 96 151 631 1,084

 MONTANA 25 14 29 57 64 78 254 521

 NEBRASKA 262 123 126 133 190 239 859 1,932

 NEVADA 2 2 3 7 12 28 99 153

 NEW HAMPSHIRE 7 6 6 19 15 36 95 184

 NEW JERSEY 11 8 7 19 19 22 65 151

 NEW MEXICO 18 11 20 20 44 61 226 400

 NEW YORK 65 54 59 87 131 187 379 962

 NORTH CAROLINA 97 33 47 60 96 139 404 876

 NORTH DAKOTA 80 59 72 78 113 117 324 843

 OHIO 18 7 16 30 39 73 328 511

 OKLAHOMA 116 72 136 205 342 619 2,172 3,662

Table 7. Counts of Active Direct Operating Loan Borrowers by State or Territory and Years of 

Remaining Eligibility as of December 31, 2015. 1

State/Territory

Years of Remaining Eligibility

Total

 Continued on next page.
0 1 2 3 4 5 >5

 OREGON 46 24 40 55 60 82 214 521

 PENNSYLVANIA 122 80 99 137 210 263 546 1,457

 PUERTO RICO 0 5 8 32 70 186 533 834

 RHODE ISLAND 0 6 7 3 9 11 26 62

 SOUTH CAROLINA 94 41 63 83 119 135 290 825

 SOUTH DAKOTA 84 53 90 131 188 213 856 1,615

 TENNESSEE 66 53 59 108 161 223 733 1,403

 TEXAS 214 114 125 185 280 441 1,997 3,356

 UTAH 67 51 50 79 108 177 650 1,182

 VERMONT 28 25 30 40 66 80 120 389

 VIRGIN ISLANDS 0 0 0 1 0 1 8 10

 VIRGINIA 41 34 38 60 107 176 424 880

 WASHINGTON 52 27 31 50 58 85 225 528

 WEST VIRGINIA 93 43 74 102 122 176 613 1,223

 WESTERN PACIFIC (WP) 0 0 1 0 2 9 21 33

 WISCONSIN 158 104 174 243 384 482 1,001 2,546

 WYOMING 4 4 7 14 11 20 87 147

 TOTAL 3,166 1,796 2,534 3,568 5,243 7,543 26,143 49,993

State/Territory

Years of Remaining Eligibility Total

 1 Youth Loans and Microloans to beginning farmers and veterans are exempt from direct operating loan term limits. Excluded 

from the totals are borrowers with only direct FO or EM loans which are included in the 3,184 total in table 1.

Table 7. Counts of Active Direct Operating Loan Borrowers by State or Territory and Years of 

Remaining Eligibility as of December 31, 2015 (continued). 1
0 1 2 3 4 5 >5

(a) Race

 American Indian/Alaskan Na 97 66 119 159 272 460 1,662 2,835

 Asian 16 10 18 17 36 58 189 344

 Black 152 51 87 131 186 361 1,229 2,197

 Hawaiian/Pacific Islander 2 2 2 5 14 29 99 153

 Unknown 2 2 7 8 20 43 168 250

 White 2,897 1,665 2,301 3,248 4,715 6,592 22,796 44,214

 Total 3,166 1,796 2,534 3,568 5,243 7,543 26,143 49,993

(b) Ethnicity

 Hispanic 80 44 77 109 193 396 1,521 2,420

 Not Hispanic 3,071 1,741 2,438 3,439 5,009 7,090 24,452 47,240

 Unknown 15 11 19 20 41 57 170 333

 Total 3,166 1,796 2,534 3,568 5,243 7,543 26,143 49,993

(c) Gender

 Female 176 103 184 328 524 839 6,215 8,369

 Female Organization 18 9 19 20 69 99 295 529

 Male 2,768 1,549 2,146 2,950 4,197 5,876 18,024 37,510

 Male Organization 113 85 121 187 284 470 1,037 2,297

 Other Organization 89 50 62 80 167 256 564 1,268

 Unknown 2 0 2 3 2 3 8 20

 Total 3,166 1,796 2,534 3,568 5,243 7,543 26,143 49,993

(d) Underserved 3

 No 2,897 1,644 2,259 3,124 4,481 6,243 18,435 39,083

 Yes 269 152 275 444 762 1,300 7,708 10,910

 Total 3,166 1,796 2,534 3,568 5,243 7,543 26,143 49,993

 3 Active DOL "underserved" borrowers exclude all active DOL borrowers who are white, non-Hispanic males.

Table 8. Counts of Active Direct Operating Loan Borrowers by (a) Race, (b) Ethnicity, (c) 

Gender, and (d) Underserved, and by Years of Remaining Eligibility as of December 31, 2015. 1, 2

Race/Ethnicity/Gender

Years of Remaining Eligibility

Total

 1 Each active DOL borrower is counted once under each of the three categories--race, ethnicity, and gender. Hence, the 

totals for each combination of race-ethnicity-gender and years of remaining eligibility are equivalent.

 2 Youth Loans and Microloans to beginning farmers and veterans are exempt from DOL term limits.
0 1 2 3 4 5 >5

(a) FSA Classification Code

 1 Commercial 481 280 361 500 812 1,099 2,658 6,191

 2 Standard 1,021 542 776 1,130 1,577 2,237 5,457 12,740

 3 Acceptable 902 546 766 1,110 1,683 2,534 14,305 21,846

 4 Marginal 696 369 548 703 1,015 1,451 3,227 8,009

 5 Not Classified 63 59 82 125 152 216 465 1,162

 Unknown 3 0 1 0 4 6 31 45

 Total 3,166 1,796 2,534 3,568 5,243 7,543 26,143 49,993

(b)Total Indebtedness

 < $50,000 558 337 533 873 1,424 2,643 18,128 24,496

 $50,000 - $99,999 476 264 423 581 917 1,250 2,574 6,485

 $100,000 - $249,999 1,133 625 829 1,218 1,684 2,212 3,491 11,192

 $250,000 - $499,999 860 476 653 783 1,095 1,287 1,766 6,920

 $500,000 - $999,999 139 94 93 107 121 144 174 872

 $1,000,000 or more 0 0 3 6 2 7 10 28

 Total 3,166 1,796 2,534 3,568 5,243 7,543 26,143 49,993

 Current 2,694 1,521 2,141 3,002 4,385 6,343 23,584 43,670

 $1 - $50,000 320 151 254 337 569 815 2,114 4,560

 $50,000 - $99,999 59 50 65 85 130 160 182 731

 $100,000 - $249,999 72 54 50 98 117 165 184 740

 $250,000 - $499,999 19 15 19 35 31 47 56 222

 $500,000 - $999,999 2 5 3 9 11 11 21 62

 $1,000,000 or more 0 0 2 2 0 2 2 8

 Total 3,166 1,796 2,534 3,568 5,243 7,543 26,143 49,993

 Year Started Farming

 Before 1955 648 584 967 1,529 2,490 3,615 19,965 29,798

 1955 - 1964 29 6 11 14 15 28 113 216

 1965 - 1974 84 31 48 54 67 91 140 515

 1975 - 1984 270 142 159 172 251 293 512 1,799

 1985 - 1994 553 293 351 433 519 733 1,099 3,981

 1995 - 2004 579 275 375 456 661 1,013 1,410 4,769

 2005 or After 1,003 465 623 910 1,240 1,770 2,904 8,915

 Total 3,166 1,796 2,534 3,568 5,243 7,543 26,143 49,993

 3 At least $1 of outstanding DOL funds that are 30 days of more delinquent.

Table 9. Counts of Active Direct Operating Loan Borrowers by (a) FSA Credit-Risk Classification 

Score, (b) Total Indebtedness, (c) Amount Delinquent, and (d) Year Started Farming, and by Years 

of Remaining Eligibility as of December 31, 2015. 1, 2

Financial Categorization

Years of Remaining Eligibility

Total

 1 Each active DOL borrower is counted once under each of the three financial categories. Hence, the totals for each 

combination of financial category and years of remaining eligibility are equivalent.

 2 Youth Loans and Microloans to beginning farmers and veterans are exempt from DOL term limits.

 c) Current or Loan Amount Delinquent