farm loans

Last week, the USDA announced the final $300 million in assistance to distressed direct and guaranteed farm loan borrowers under the Inflation Reduction Act.  Over the past two years, USDA acted swiftly to assist distressed borrowers in retaining their land and continuing their agricultural operations.  Th...

Federal officials testified before the Senate Appropriations Committee on how they’re dealing with disasters.  Farm Policy News said Georgia and North Carolina senators testified about the devastation facing their farmers after Hurricanes Helene and Milton hit those states this Fall.  Beyond those ...

A new report says banks could be more hesitant to lend to the farm sector just as the agricultural industry is expected to enter a major credit crunch.  And Rabobank said that could disproportionately hurt smaller producers in the process.   ...

The Federal Agricultural Mortgage Corporation, or Farmer Mac, the nation’s secondary market provider that increases the accessibility of financing for agriculture and rural America, announced the recent fiscal quarter results.   “Farm Mac delivered another solid quarter, demonstrating yet again the benefits of our successful efforts to continue to diversify revenue streams, taking advantage of our

The Farm Credit System reported that combined net income was relatively stable at $1.98 billion for the third quarter of 2024, as compared with $2 billion for the third quarter of 2023.  For the nine months ending on September 20th, 2024, FCS’s combined net income increased 7.3% to $5.9...

According to a report from the Federal Reserve Bank of Kansas City, farmers are taking out loans at a rate and scale not seen in years as weakened crop prices weigh on the agricultural sector.  The report said the volume of new operating loans increased at its fastest pace since 2017, with commercial banks issuing 40% more of these loans to farmers over last year.     ...

The Department of Agriculture announced an additional $250 million in automatic payments for distressed direct and guaranteed farm loan borrowers under Section 22006 of the Inflation Reduction Act.   With the assistance more than 4,600 producers across the country will see another production season, said Zach Ducheneaux, Farm Service Agency administrator.   Roug...

USDA announced an additional $250 million in automatic payments for distressed direct and guaranteed farm loan borrowers.  This step continues USDA’s commitment to keeping farmers and ranchers financially viable and supporting agricultural companies.   “USDA ...

The USDA has launched the Distressed Borrowers Assistance Network, an initiative designed to provide support to financially distressed farmers and ranchers across the nation.  Through a series of Cooperative Agreements, this national network will connect distressed borrowers with individualized assistance to help them stabilize and regain financial footing.   “...

Farm Credit System institutions made almost 133,000 loans to young, beginning, or small U.S. producers in 2023, delivering on their critical mission to support rural communities and agriculture.  A new Farm Credit Administration Report underscores Farm Credit’s commitment to the next generation of agricultural producers through strategic lending and support initiatives.   “Suppo...