Tuesday, November 13, 2018
Tags Posts tagged with "FSA loans"

Tag: FSA loans

America's next generation of farmers are supported through FSA's Beginning Farmer direct and guaranteed loan programs.

As the days draw closer to Christmas, remember to double check upcoming dates and deadlines at the Farm Service Agency.

Direct operating loans allow farmers to purchase livestock, equipment, seed, feed, farm chemicals and supplies and refinance debt with certain limitations.

With harvest wrapping up, now is a good time to consider the FSA programs that may make our farm life easier.

Having a grain bin available for delivery 24 hours a day, seven days a week saves time and helps a farming operation run more efficiently.

Youth loans are a great way for future farmers to get hands-on experience with the ins and outs of financial responsibility.

Loan rates vary slightly by county but are around $1.97 for corn, $5.08 for soybeans, $2.66 for wheat, $1.71 for barley and $1.43 for oats.

Corn silage is eligible for FSA's nine-month recourse loans. And the silo it is stored in would be eligible for FSA's farm storage facility loans.

Don't forget that the crop reporting deadline for spring-planted crops is July 15, and it will be here before you know it.

Microloans were created for new, small or specialty farmers. If you can't get credit elsewhere with reasonable rates and terms, this could be your answer.
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