WASHINGTON, Oct. 4, 2021 – The U.S. Department of Agriculture (USDA) is announcing a higher loan limit will be available for borrowers seeking a guaranteed farm loan starting Oct. 1, 2021, from $1.776 million to $1.825 million.


U.S. flag
    An official website of the United States government
     Here’s how you know Here’s how you know **Official websites use .gov**  A **.gov** website belongs to an official government organization in the United States.
 **Secure .gov websites use HTTPS**  A **lock** ( A locked padlock ) or **https://** means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.
 Farm Service Agency
 U.S. DEPARTMENT OF AGRICULTURE
 About FSA
  Ask USDA
  Contact Us
  Forms
 Menu
  close
   Home
    Programs & Services
     ARC/PLC Program
         Civil Rights
         Certified Mediation Program
         Climate Adaptation Plan
         Conservation Programs
         Cooperative Agreements
         Dairy Margin Coverage Program
         Disaster Assistance Programs
         Economic & Policy Analysis
       Emergency Relief 
         Environmental & Cultural Resource Compliance
         Farm Bill Home
         Farm Labor Stabilization & Protection Pilot Grants
         Farm Loan Programs
         Financial Management Information
         Increasing Land Access
         Initiatives
       Laws and Regulations
         Margin Protection Program for Dairy
         Market Facilitation Program
         MIDAS
         Organic Certification Cost Share Program
         Outreach & Education
         Payment Eligibility
         Price Support
         Rice Production Program
    State Offices
    Online Services
     LDP
         eARC/PLC
         Farmers.gov (FSA Farm+)
         FSA Online Data Resources
         Loan Assistance Tool
    Newsroom
     Fact Sheets
         News Releases
         Emergency Designations
         Stakeholder Information
         eFOIA
       Meetings & Events
         Public Service Announcements
         County Committee Elections
         Fence PostSearch small Search
 Higher Loan Limit Now Available for USDA Guaranteed Farm Loans  Contact: FPAC.BC.Press@usda.gov *USDA Extends Disaster Set-Aside for Direct Loans Until 2022* WASHINGTON, Oct. 4, 2021 – The U.S. Department of Agriculture (USDA) is announcing a higher loan limit will be available for borrowers seeking a guaranteed farm loan starting Oct. 1, 2021, from $1.776 million to $1.825 million. “Farm loans are critical for our customers’ annual operating and family living expenses, emergency needs, and cash flow,” FSA Administrator Zach Ducheneaux said. “Raising the guaranteed loan limit will allow FSA to better meet the financial needs of producers as natural disasters and the pandemic continue to impact their operations.” FSA farm loans offer access to funding for a wide range of producer needs, from securing land to financing the purchase of equipment. Guaranteed loans are financed and serviced by commercial lenders. FSA provides up to a 95% guarantee against possible financial loss of principal and interest. Guaranteed loans can be used for both farm ownership and operating purposes. In fiscal year 2021, FSA saw continued strong demand for guaranteed loans. FSA obligated more than $3.4 billion in guaranteed farm ownership and operating loans. This includes nearly $1.2 billion for beginning farmers. The number of guaranteed borrowers has grown by 10% to more than 38,750 farmers and ranchers over the last decade. FSA expects the increasing demand for farm loans to continue into fiscal year 2022. **Disaster Set-Aside Extension** USDA has additional support available to producers given the recent outbreaks of the COVID-19 Delta variant and has extended the availability of COVID-19 Disaster Set-Aside (DSA) for installments due through Jan. 31, 2022. In addition, FSA will permit a second DSA for COVID-19 and a second DSA for natural disasters for those who had an initial COVID-19 DSA. Requests for a COVID-19 DSA or a second DSA must be received no later than May 1, 2022. Last year, FSA broadened the use of the DSA. Normally used in the wake of natural disasters, the DSA can now allow farmers with USDA farm loans who are affected by COVID-19 and determined to be eligible, to have their next payment set aside. The set-aside payment’s due date is moved to the final maturity date of the loan or extended up to twelve months in the case of an annual operating loan. Any principal set-aside will continue to accrue interest until it is repaid. This will improve the borrower’s cashflow in the current production cycle. **More Information** Producers can explore available options on all FSA loan options at fsa.usda.gov or by contacting their local USDA Service Center. Service Center staff continue to work with agricultural producers via phone, email and other digital tools. Because of the pandemic, some USDA Service Centers are open to limited visitors. Contact your Service Center to set up an in-person or phone appointment. Additionally, more information related to USDA’s response and relief for producers can be found at farmers.gov/coronavirus. USDA touches the lives of all Americans each day in so many positive ways. In the Biden-Harris Administration, USDA is transforming America’s food system with a greater focus on more resilient local and regional food production, fairer markets for all producers, ensuring access to healthy and nutritious food in all communities, building new markets and streams of income for farmers and producers using climate smart food and forestry practices, making historic investments in infrastructure and clean energy capabilities in rural America, and committing to equity across the Department by removing systemic barriers and building a workforce more representative of America. To learn more, visit www.usda.gov.
 USDA is an equal opportunity provider, employer and lender.
 Return to the list of News Releases
 Placeholder
 Recent News USDA Announces 2024 Wool and Mohair Marketing Assistance Loan Rates
WASHINGTON, Dec. 27, 2023 – The U.S. Department of Agriculture (USDA) Commodity Credit Corporation today announced Marketing Assistance Loan rates for 2024-crop graded wool by micron class. Loan rates for ungraded wool and mohair are unchanged and remained the same from the prior crop year.
USDA Appoints New Members to the Federal Advisory Committee for Urban Agriculture and Innovative Production
WASHINGTON, Dec. 20, 2023 – Agriculture Secretary Tom Vilsack appointed four new members to the Urban Agriculture and Innovative Production Federal Advisory Committee (Committee). The new members are replacing four members whose terms are expiring and rotating off the Committee. The Committee is part of the U.S. Department of Agriculture’s (USDA) efforts to support urban agriculture and innovative production, creating a network for feedback.
Agriculture Risk Coverage and Price Loss Coverage Programs Receive 2018 Farm Bill One Year Extension, Farmers Can Now Enroll for the 2024 Crop Year
WASHINGTON, Dec. 18, 2023 – The U.S. Department of Agriculture (USDA) today announced that agricultural producers can now enroll in the Farm Service Agency’s (FSA) Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2024 crop year. Producers can enroll and make election changes for the 2024 crop year starting Dec. 18, 2023. The deadline to complete enrollment and any election change is March 15, 2024.
 Home
   Programs & Services
   State Offices
   Online Services
   Newsroom
 Farmers.gov
          USA.gov
          USDA.gov
          Whitehouse.gov
       Accessibility Statement
          Common Questions
          Freedom of Information Act
       No FEAR Report
          Information Quality
          Non-Discrimination Statement
       Policies and Links
          Privacy Policy
          Sitemap
    Sign up for updates
      Subscribe
 Farm Service Agency
 U.S. DEPARTMENT OF AGRICULTURE
 facebook-loFacebook
 youtube-loYouTube
 twitter-loTwitter
 gov-delivery-loTwitter
 rss-loRSS