Higher loan limit now available for USDA Guaranteed Farm Loans
USDA extends disaster set-aside for direct loans until 2022
Last updated 10/6/2021 at 9:33am
From USDA Farm Service Agency
WASHINGTON — The U.S. Department of Agriculture 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.”