Farm ownership loans are available
MIFFLINTOWN – USDA, Farm Service Agency significantly increased funding in the Direct Farm Ownership program in fiscal year 2014 and anticipates another significant increase in funding, to 1.5 billion in fiscal year 2015, pending congressional action. Over $300 million in loan funds are available to fund Direct Farm Ownership loans the remainder of fiscal year 2014, which ends September 30, 2014.
The additional funding creates an opportunity for FSA to expand Farm Ownership funds for the down payment loan program also.
Leveraging the resources of the Direct Farm Ownership program with other lenders creates the potential to reach many more farmers, particularly beginning farmers, who want to purchase land.
In addition, Farm Service Agency expects to have adequate Guarantee Farm Ownership (FO) and Guaranteed Farm Operating (OL) funds available through the end of fiscal year 2014.
For additional information regarding any of Farm Service Agency’s Farm Loan Programs, contact your local county office. Those producers residing in Juniata/Mifflin/Perry/Dauphin Counties may call 717-436-8953 x102 for Robert E. Zeigler Jr. or x107 for Sarah M. Porch.