FSA: Loan Demand Continues To Increase

On Thursday, we told you about the USDA's new on-line tool to help farmers determine what loan is best for their operation.  And that could not come at a better time for the farm economy.

FSA Administrator Richard Fordyce said there has been a dramatic increase in the amount his agency has obligated for direct farm ownership loans.

“Compared to this time last year, FSA has seen an 18% increase in the amount its obligated for direct farm ownership loans. and as we remember the 2018 Farm Bill increased lending limits on all of our loans,” said Fordyce.  “So our anticipation would be that we'll see a higher volume of dollars loaned out through our various programs. And congress raising those limits in the 2018 Farm Bill certainly I think was good news for a lot of folks.”

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