Browse Ambrook’s collection of grants, loans, discounts, cost shares, easements, and insurance for refinancing.

It recommended that you call and make an appointment with your nearest Farm Loan Officer or Farm Loan Manager. Agency officials are required to:
- Help loan applicants complete FSA forms and gather information necessary for a complete application;
- Explain the application procedure, process, and the requirements for a complete application;
- Assist loan applicants in completing FSA forms and identifying sources of information needed for a complete application, if assistance is requested;
- Inform loan applicants of other technical assistance providers who may be of assistance at minimal or no charge. Some examples include, and are not limited to, the Cooperative Extension Service, non-profit organizations and institutions, the Intertribal Agriculture Council, and other similar organizations; and
- Advise applicants of alternatives that will help overcome any possible barriers to being determined eligible for an FSA loan.

Suggestions for First Meeting with FSA
- Have a general idea of what it is you want to do and be able to identify your goals. What type of operation do you have or want to have? What do you need to operate that farm or ranch? How will you market your product(s)? How much do you need? What are your projections?
- Good recordkeeping is very important. If you do not have your records organized, it is a good idea to try and put all your income and expenses into an understandable format. It does not have to be fancy. Also, what is happening inside the household is just as important as your business needs. Expenses such as food, clothing, mortgage or rent, insurance, taxes, medical costs, credit card payments, education expenses, and other consumer debt are part of the farm plan calculations. Know your costs. Bring your records with you.
- Remember to bring any financial records, which can include tax returns, for the most recent production cycle to assist in projecting the cash flow for your loan proposal. If you need to rely on off-farm income to repay the loan, bring in your last few pay stubs.
- Bring copies of any written leases to the office with you if you are leasing land or equipment.
- It is a prudent idea to check your credit report before applying for a loan. This allows you to spot any errors or research events that may have negatively impacted your credit. The Fair Credit Reporting Act (FCRA) requires each of the nationwide credit reporting companies—Equifax, Experian, and TransUnion—to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the files of the nation's credit reporting companies. The Federal Trade Commission (FTC), the nation's consumer protection agency, enforces the FCRA with respect to credit reporting companies.
- Many answers can be found in the booklet, "Your Guide to FSA Farm Loans."

FSA's Direct Farm Operating Loans are a valuable resource to start, maintain and strengthen a farm or ranch. For new agricultural producers, FSA's Direct Farm Operating Loans provide an essential gateway into agricultural production by financing the cost of&#x2004;operating a farm. With a maximum loan amount of $400,000, all FSA Direct Operating Loans are financed and serviced by the Agency through [local Farm Loan Officers and Farm Loan Managers](https://www.fsa.usda.gov/state-offices/index). The [funding](https://www.fsa.usda.gov/programs-and-services/farm-loan-programs/funding/index) comes from Congressional appropriations as part of the USDA budget.


**Loan Purposes:**


Operating loans must be essential to the success of the farming operation and only for the following purposes:

- Costs associated with reorganizing a farm to improve profitability, for example:

    - purchase of equipment to convert from conventional to no-till production

    - change from stocker to cow-calf production

    - shifting from row crop to vegetable production

    - purchasing grain drying and storage equipment to facilitate better marketing

    - purchase shares in value-added processing and marketing cooperatives

- Purchase of livestock, including poultry

- Purchase farm equipment

- Farm operating expenses including, and not limited to:

    - feed

    - seed

    - fertilizer

    - pesticides

    - farm supplies

    - cash rent

    - family living expenses

    - initial processing of agricultural commodities, under certain circumstances

- Minor improvements or repairs to buildings

- Refinance certain farm-related debts, excluding real estate

- Land and water development, use, or conservation

- Loan closing and borrower training costs



FSA's Direct Farm Operating Loans are a valuable resource to start, maintain and strengthen a farm or ranch. For new agricultural producers, FSA's Direct Farm Operating Loans provide an essential gateway into agricultural production by financing the cost of operating a farm. With a maximum loan amount of $400,000, all FSA Direct Operating Loans are financed and serviced by the Agency through local Farm Loan Officers and Farm Loan Managers. The funding comes from Congressional appropriations as part of the USDA budget.

Loan Purposes:

Operating loans must be essential to the success of the farming operation and only for the following purposes:
- Costs associated with reorganizing a farm to improve profitability, for example:
    - purchase of equipment to convert from conventional to no-till production
    - change from stocker to cow-calf production
    - shifting from row crop to vegetable production
    - purchasing grain drying and storage equipment to facilitate better marketing
    - purchase shares in value-added processing and marketing cooperatives
- Purchase of livestock, including poultry
- Purchase farm equipment
- Farm operating expenses including, and not limited to:
    - feed
    - seed
    - fertilizer
    - pesticides
    - farm supplies
    - cash rent
    - family living expenses
    - initial processing of agricultural commodities, under certain circumstances
- Minor improvements or repairs to buildings
- Refinance certain farm-related debts, excluding real estate
- Land and water development, use, or conservation
- Loan closing and borrower training costs

There are 2 different types of qualifications which need to be met:
- Eligible farm enterprise
- General eligibility requirements

First, the operation must be an eligible farm enterprise. Operating loan funds cannot be used to finance nonfarm enterprises, such as exotic birds, tropical fish, dogs or horses used for non-farm purposes (racing, pleasure, show and boarding).

General eligibility requirements include:
- Not having Federal or State conviction(s) for planting, cultivating, growing, producing, harvesting, storing, trafficking, or possession of controlled substances
- The legal ability to accept responsibility for the loan obligation
- An acceptable credit history
- Be a United States citizen, non-citizen national or legal resident alien of the United States, including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, and certain former Pacific Trust Territories
- No previous debt forgiveness by the Agency, including a guarantee loan loss payment
- Being unable to obtain sufficient credit elsewhere, with or without an FSA loan guarantee
- No delinquency on a Federal debt, other than IRS tax debt, at the time of loan closing
- Not being ineligible due to disqualification resulting from a Federal Crop Insurance violation
- Have sufficient managerial ability to assure a reasonable expectation of loan repayment

Explanation of "Managerial Ability":

Managerial ability is shown to the Agency through any combination of education, on-the-job training, and farm experience or by meeting just 1 of these criteria. The level of management ability required will depend on the complexity of the operation and the amount of the loan request. Every application is evaluated on a case-by-case basis.

Education:
- 4-year college degree or graduate degree in agricultural related field(s)
- 2-year college degree from a technical college in agricultural related field
- Successful completion of farm management curriculum offered by the Cooperative Extension Service, a community college, adult vocational agricultural program or Land Grant university
- Successful completion of a community-based, nationally-based, non-profit or similar farm workshop programs
- Vocational or general agriculture classes in high school in addition to working on a farm and participating in, and successfully complete agricultural projects in, 4-H, FFA, Tribal youth organizations, Grange Youth, or another agricultural affiliated club

On-The-Job Training:
- Working or recently worked as hired farm labor with management responsibilities (make day-to-day decisions)
- Completing or recently completed a farm mentorship, internship or apprenticeship program with an emphasis on management requirements and day-to-day farm decisions
- Participating or recently participated in urban or community-supported agriculture programs which incorporate basic agricultural training

Farm Experience:
- Owner, manager or operator of a farm business for at least 1 full production and marketing cycle within 5 years of the date of the loan application
- Employed as a migrant farm worker and elevated to leadership or foreperson position for at least 1 entire production and marketing cycle with responsibilities related to crop and field management, livestock health, breeding supervision, labor management or hiring, or general farm management
- Raised on a farm and had significant responsibility for day-to-day management decisions for at least 1 entire production and marketing cycle
- Obtained and successfully repaid at least 1 FSA Youth Loan

A payment that must be returned to the provider following specified terms of repayment and interest rate.

Loan

- Fact Sheet: Farm Loans Overview 
- Direct Loan Making Handbook 3-FLP 
- Farm Answers Library
- National Agrability Project
- USDA Veterans in Agriculture
- Farmers.gov

HVAC

Lighting

Repairs

Certification

Distribution

Diversification

Events

Trade Show

Weeds

Buildings

Construction

Fencing

Greenhouse

High Tunnel

Irrigation

Storage

Business Plan

Cash Rent

Refinancing

Transition

Water Quality

Waterway Protection

Wetland Conservation

Air Quality

Landscape

Wildlife & Pollinator Habitat

Certified Organic

Trade Relief

Succession

Certified Grassfed

Cover Crops

Reduced Tillage

Marketing

Inputs

Nutrient Management

Legal & Finance

Infrastructure

Equipment

Water Management

Labor

Local Food

Soil Health

Food Systems

Conservation

Regenerative

Carbon Capture

Maximum Loan Limitations:

The maximum loan amount for a Direct Farm Operating Loan is $400,000. There is no down payment requirement. 

Repayment Terms:

Direct Farm Operating loan repayment terms vary depending upon the purpose of the loan, the loan applicant's ability to pay, and when income is projected to be available. General operating and family living expenses are normally due within 12 months or when the agricultural commodities sell. For larger purchases such as equipment, minor repairs, or livestock, the term will not exceed 7 years.

Interest Rate:

The interest rate charged is always the lower rate in effect at the time of loan approval or loan closing for the type of loan wanted. Interest rates are calculated and posted the 1st of each month.

Credit Score Basics:

FSA does not use credit scores. Loan applicants are expected to have acceptable repayment history with other creditors, including the Federal Government. Loan applicants are not automatically disqualified if there are isolated incidents of slow payments; no credit history; or if it can be shown that any recent undesirable credit problems were temporary and beyond a loan applicant’s control. "No history" of credit transaction by a loan applicant does not automatically indicate an unacceptable credit history.


Applications for emergency loans must be received within eight months of the county’s disaster or quarantine designation date.

Contact your local FSA office to begin the application process.

When a tornado, flood, or drought strikes, or a quarantine is imposed by the Secretary of Agriculture, or when other natural disasters occur, FSA's Emergency loan program is there to help eligible farmers and ranchers&#x2004;rebuild and recover from sustained losses.


The Emergency loan program is triggered when a natural disaster is designated by the Secretary of Agriculture or a [natural disaster or emergency is declared](https://www.fsa.usda.gov/news-room/emergency-designations/index) by the President under the Stafford Act. These loans help producers who suffer qualifying farm related losses directly caused by the disaster in a county declared or designated as a primary disaster or quarantine area. Also, farmers located in counties that are contiguous to the declared, designated, or quarantined area may qualify for Emergency loans.


For production losses, a 30% reduction in a primary crop in a designated or contiguous county is required. Losses to quality, such as receiving a 30% reduced price for flood damaged crops, may be eligible for assistance, too.


**Loan Purposes:**


Emergency loan funds may be used to:

- Restore or replace essential property

- Pay all or part of production costs associated with the disaster year

- Pay essential family living expenses

- Reorganize the family farming operation

- Refinance certain non-real estate operating debts



When a tornado, flood, or drought strikes, or a quarantine is imposed by the Secretary of Agriculture, or when other natural disasters occur, FSA's Emergency loan program is there to help eligible farmers and ranchers rebuild and recover from sustained losses.

The Emergency loan program is triggered when a natural disaster is designated by the Secretary of Agriculture or a natural disaster or emergency is declared by the President under the Stafford Act. These loans help producers who suffer qualifying farm related losses directly caused by the disaster in a county declared or designated as a primary disaster or quarantine area. Also, farmers located in counties that are contiguous to the declared, designated, or quarantined area may qualify for Emergency loans.

For production losses, a 30% reduction in a primary crop in a designated or contiguous county is required. Losses to quality, such as receiving a 30% reduced price for flood damaged crops, may be eligible for assistance, too.

Loan Purposes:

Emergency loan funds may be used to:
- Restore or replace essential property
- Pay all or part of production costs associated with the disaster year
- Pay essential family living expenses
- Reorganize the family farming operation
- Refinance certain non-real estate operating debts

Eligibility Requirements:

For production losses, a 30% reduction in a primary crop in a designated or contiguous county is required. Losses to quality, such as receiving a reduced price for flood damaged crops, may be eligible for assistance.

In addition to the general eligibility requirements all loan applicants must meet, there are some additional criteria unique to the Emergency Loan program:
- The loan applicant must be an established farmer and either the owner-operator or tenant-operator of the farm at the time of the disaster
- Loan applicants must intend to continue farming
- Loan applicants must get written declinations of credit from organized commercial lending institutions
    - If the loan is greater than $100,000 and less than $300,000, only 1 letter is required
    - If the loan is greater than $300,000, 2 letters of declination are required
    - If the loan amount requested is $100,000 or less, this requirement is determined on a case by case basis at the Agency's discretion
- Loan applications must be received by the Agency no later than 8 months after the date the disaster is declared or designated
- The loss and/or damage to the farm operation must be directly attributed to the stated reason of the disaster declaration
- Crop insurance is not required at the time of the loss but will be a requirement for the coming year in order to receive a loan

- Fact Sheet: Emergency Loan Program
- Fact Sheet: Emergency Disaster and Declaration Process
- Other FSA Disaster Assistance Programs
- USDA Disaster Resource Center
- Direct Loan Making Handbook 3-FLP
- Access to FEMA Disaster Help and Resources
- Farmers.gov

Coronavirus

Trees

Wildfire

Drought

Flood

Hurricane

Tornado

Emergency

Weather

Disaster Relief

Maximum Loan Limitations:

The maximum loan amount for an Emergency loan is $500,000 yet the amount a loan applicant may receive is limited to the actual amount of production or physical loss caused by the disaster. Physical loss loans are based on the amount needed to replace the lost property, such as stored grain, equipment and livestock.

Repayment Terms:

Repayment terms are based on the useful life of the security, a loan applicant's repayment ability, and the type of loss involved. The repayment schedule will require at least 1 payment every year. Emergency loans for annual operating expenses must be repaid within 12 months, and not to exceed 18 months if an extended term is necessary for the production cycle of the agricultural commodity.

Interest Rate:

Interest rates are calculated and posted the 1st of each month. The interest rate charged is always the lower rate in effect at the time of loan approval or loan closing for the type of loan wanted.

It recommended that you call and make an appointment with your nearest Farm Loan Officer or Farm Loan Manager. Agency officials are required to:
- Help loan applicants complete FSA forms and gather information necessary for a complete application;
- Explain the application procedure, process, and the requirements for a complete application;
- Assist loan applicants in completing FSA forms and identifying sources of information needed for a complete application, if assistance is requested;
- Inform loan applicants of other technical assistance providers who may be of assistance at minimal or no charge. Some examples include, and are not limited to, the Cooperative Extension Service, non-profit organizations and institutions, the Intertribal Agriculture Council, and other similar organizations; and
- Advise applicants of alternatives that will help overcome any possible barriers to being determined eligible for an FSA loan.

Suggestions for First Meeting with FSA
- Have a general idea of what it is you want to do and be able to identify your goals. What type of operation do you have or want to have? What do you need to operate that farm or ranch? How will you market your product(s)? How much do you need? What are your projections?
- Good recordkeeping is very important. If you do not have your records organized, it is a good idea to try and put all your income and expenses into an understandable format. It does not have to be fancy. Also, what is happening inside the household is just as important as your business needs. Expenses such as food, clothing, mortgage or rent, insurance, taxes, medical costs, credit card payments, education expenses, and other consumer debt are part of the farm plan calculations. Know your costs. Bring your records with you.
- Remember to bring any financial records, which can include tax returns, for the most recent production cycle to assist in projecting the cash flow for your loan proposal. If you need to rely on off-farm income to repay the loan, bring in your last few pay stubs.
- Bring copies of any written leases to the office with you if you are leasing land or equipment.
- It is a prudent idea to check your credit report before applying for a loan. This allows you to spot any errors or research events that may have negatively impacted your credit. The Fair Credit Reporting Act (FCRA) requires each of the nationwide credit reporting companies—Equifax, Experian, and TransUnion—to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the files of the nation's credit reporting companies. The Federal Trade Commission (FTC), the nation's consumer protection agency, enforces the FCRA with respect to credit reporting companies.
- Many answers can be found in the booklet, "Your Guide to FSA Farm Loans.

Farm Ownership&#x2004;Loans offer up to 100 percent financing and are a valuable resource to help farmers and ranchers purchase or enlarge family farms, improve and expand current operations, increase agricultural productivity, and assist with land tenure to save farmland for future generations. With a maximum loan amount of $600,000 ($300,150 for Beginning Farmer Down Payment), all FSA Direct Farm Ownership Loans are financed and serviced by the Agency through [local Farm Loan Officers and Farm Loan Managers](https://www.fsa.usda.gov/state-offices/index). The [funding](https://www.fsa.usda.gov/programs-and-services/farm-loan-programs/funding/index) comes from Congressional appropriations as part of the USDA budget.


**Loan Purposes:**


FSA’s Direct Farm Ownership loans are used to:

- Buy a farm or ranch

- Enlarge an existing farm or ranch

- make a down payment on a farm

- purchase of easements

- Construct, purchase or improve farm dwellings, service buildings or other facilities and improvements essential to the farm operation

- Promote soil and water conservation and protection

- Pay loan closing costs


There are 3 types of Direct Farm Ownership Loans: "regular," joint financing, and downpayment depending upon individual needs. FSA also offers a Direct Farm Ownership Microloan for smaller financial needs.


**Direct Farm Ownership Joint Financing Loan:**


Also known as a participation loan, joint financing allows FSA to provide more farmers and ranchers with access to capital. FSA lends up to 50 percent of the cost or value of the property being purchased. A commercial lender, a State program, or the seller of the farm or ranch being purchased provides the balance of loan funds, with or without an FSA guarantee.


**Direct Farm Ownership Down Payment Loan:**


Available only to eligible beginning farmers and ranchers and/or minority and women applicants, a Down Payment loan is a special type of Direct Farm Ownership loan program that partially finances the purchase of a family size farm or ranch. Beginning farmers do not have to identify themselves as a minority or woman, and minority and women loan applicants do not have to be beginning farmers.


The Down Payment Farm Ownership loan is the only loan program that does not provide 100 percent financing. Down Payment loans require loan applicants to provide 5 percent of the purchase price of the farm.


As established by the Beginning Farmer definition, loan applicants interested in the Down Payment loan may not own more than 30 percent of the average size farm at the time of the application. The applicant may exceed the 30 percent after the loan is closed. The most current Census of Agriculture data is used in this calculation.



Farm Ownership Loans offer up to 100 percent financing and are a valuable resource to help farmers and ranchers purchase or enlarge family farms, improve and expand current operations, increase agricultural productivity, and assist with land tenure to save farmland for future generations. With a maximum loan amount of $600,000 ($300,150 for Beginning Farmer Down Payment), all FSA Direct Farm Ownership Loans are financed and serviced by the Agency through local Farm Loan Officers and Farm Loan Managers. The funding comes from Congressional appropriations as part of the USDA budget.

Loan Purposes:

FSA’s Direct Farm Ownership loans are used to:
- Buy a farm or ranch
- Enlarge an existing farm or ranch
- make a down payment on a farm
- purchase of easements
- Construct, purchase or improve farm dwellings, service buildings or other facilities and improvements essential to the farm operation
- Promote soil and water conservation and protection
- Pay loan closing costs

There are 3 types of Direct Farm Ownership Loans: "regular," joint financing, and downpayment depending upon individual needs. FSA also offers a Direct Farm Ownership Microloan for smaller financial needs.

Direct Farm Ownership Joint Financing Loan:

Also known as a participation loan, joint financing allows FSA to provide more farmers and ranchers with access to capital. FSA lends up to 50 percent of the cost or value of the property being purchased. A commercial lender, a State program, or the seller of the farm or ranch being purchased provides the balance of loan funds, with or without an FSA guarantee.

Direct Farm Ownership Down Payment Loan:

Available only to eligible beginning farmers and ranchers and/or minority and women applicants, a Down Payment loan is a special type of Direct Farm Ownership loan program that partially finances the purchase of a family size farm or ranch. Beginning farmers do not have to identify themselves as a minority or woman, and minority and women loan applicants do not have to be beginning farmers.

The Down Payment Farm Ownership loan is the only loan program that does not provide 100 percent financing. Down Payment loans require loan applicants to provide 5 percent of the purchase price of the farm.

As established by the Beginning Farmer definition, loan applicants interested in the Down Payment loan may not own more than 30 percent of the average size farm at the time of the application. The applicant may exceed the 30 percent after the loan is closed. The most current Census of Agriculture data is used in this calculation.

There are 3 different types of qualifications for a direct farm ownership loan which need to be met:
- Eligible farm enterprise
- General eligibility requirements
- Farm management experience

First, the operation must be an eligible farm enterprise. Farm Ownership loan funds cannot be used to finance nonfarm enterprises, such as exotic birds, tropical fish, dogs or horses used for non-farm purposes (racing, pleasure, show and boarding).

All loan applicants must be able to meet the following general eligibility requirements:
- Must not have Federal or State conviction(s) for planting, cultivating, growing, producing, harvesting, storing, trafficking, or possession of controlled substances
- Have the legal ability to accept responsibility for the loan obligation
- Have an acceptable credit history
- Be a United States citizen, non-citizen national or legal resident alien of the United States, including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, and certain former Pacific Trust Territory
- Have no previous debt forgiveness by the Agency, including a guarantee loan loss payment
- Be unable to obtain sufficient credit elsewhere, with or without an FSA loan guarantee
- Not be delinquent on any Federal debt, other than IRS tax debt, at the time of loan closing
- Not be ineligible due to disqualification resulting from Federal Crop Insurance violation
- Be able to show sufficient farm managerial experience through education, on-the-job training and/or general farm experience, to assure reasonable prospect of loan repayment ability
- Must be the owner-operator of a family farm after loan closing

Managerial Experience Requirements:

The Direct Farm Ownership loan is different from all the other FSA loan offerings because Congress wrote into the law an additional 3 year farm management experience requirement. These 3 years of experience must be within 10 years of the date of loan application. 

Loan applicants may substitute 1 year of those 3 years if they have 1 of the following:
- Post-secondary education in an agriculturally-related field; and/or
- Significant business management experience; and/or
- Leadership or management experience while servicing in any branch of the military.

To gain credit for 2 out of the 3 years, loan applicants must show 2 of the following:
- Not less than 16 hours of post-secondary education in an agriculturally-related field; and/or
- Significant business management experience with at least 1 year of management in a non-agriculture related field where the applicant's day-to-day responsibilities included direct management experience, such as personnel decisions, payroll, and inventory ordering. In other words, not an individual who is a manger in title only; and/or
- Having been honorably discharged from the armed forces of the U.S.; and/or
- At least 1-year experience as hired farm labor with substantial management responsibilities; and/or
- Successfully completed a farm management curriculum offered by a cooperative extension service, a community college, an adult vocational agriculture program, a non-profit organization, or a land grant college or university; and/or
- Successfully completed a farm mentorship, apprenticeship, or internship program with an emphasis on management requirements and day-to-day farm management decisions; and/or
- Successfully repaid an FSA Youth loan; and/or
- Have an established relationship with an individual who has experience in farming or ranching, or is a retired farmer or rancher, and is participating as a counselor in the U.S. Small Business Administration's Service Corps of Retired Executives (SCORE) program or with a local farm or ranch operator or organization, approved by the Secretary, that is committed to mentoring the farmer or rancher.

There are 2 ways to by-pass the 3 year farm management experience requirement entirely:
- Use the Guaranteed Farm Ownership loan program, which works through a commercial lender; or
- Have at least 1-year experience as hired farm labor with substantial management responsibilities and be working with a SCORE mentor.

- Fact Sheet: Farm Loans Overview 
- Direct Loan Making Handbook 3-FLP
- National Agrability Project
- Farm Answers Library
- Farmers.gov

Socially Disadvantaged

Historically Underserved

Maximum Loan Limitations:

The maximum loan amount for a "regular" Direct Farm Ownership loan is $600,000. The maximum loan amount for a Joint Financing or Participation Farm Ownership loan is $600,000.

Direct Farm Ownership Down Payment maximum loan amount works differently. The maximum loan amount under this loan program will not exceed 45 percent of whichever is the lesser amount of:
- the purchase price;
- the appraised value of the farm being purchased; or
- $667,000.

The balance of the purchase price not covered by the down payment loan and applicant down payment may be financed by a commercial, cooperative, or private lender, including the seller. The financing provided by FSA and all other creditors cannot exceed 95 percent of the purchase price. An FSA guarantee may be used if financing is provided by eligible lenders.

Interest Rates:

The interest rate charged is always the lower rate in effect at the time of loan approval or loan closing for the type of loan wanted. Interest rates are calculated and posted the 1st of each month.

Repayment Terms:

The maximum repayment period for the Direct Farm Ownership loan and the Joint Financing loan is 40 years.

The repayment term for FSA's portion of a Down Payment loan is 20 years. The non-FSA financing portion is required to be at least a 30 year repayment period with no balloon payment allowed within the first 20 years of the loan.

Contact your regional Financial Services Branch and discuss your project
- Southeast Financial Services Branch: St. Petersburg, FL (727) 824-5377
- Northeast Financial Services Branch: Gloucester, MA (978) 281-9154
- Northwest Financial Services Branch: Seattle, WA (206) 526-6122
If your proposal appears to meet the program's requirements, you will receive an application form to complete and submit along with a one-time filing/commitment fee equal to 1/2 of 1 percent of your proposed loan amount.

Earl Bennett

Program Leader

Elaine Saiz

Division Chief

NOAA Fisheries Southeast Financial Services Branch

NOAA Fisheries Northeast Financial Services Branch

NOAA Fisheries Northwest Financial Services Branch

The FFP provides long-term fixed rate financing for the cost of:

- Refurbishing, modernization or purchasing of existing fishing vessels, fisheries facilities, or aquaculture facilities;

- Harvesting privileges in federally managed limited access systems (Catch Shares); and

- Individual fishing quota in the Northwest Halibut/Sablefish and Bering Sea/Aleutian Islands Crab Fisheries.

The FFP will also refinance existing debt incurred for these purposes. The FFP will not finance a vessel refurbishing project that materially increases a vessel’s harvesting capacity.



The FFP provides long-term fixed rate financing for the cost of:
- Refurbishing, modernization or purchasing of existing fishing vessels, fisheries facilities, or aquaculture facilities;
- Harvesting privileges in federally managed limited access systems (Catch Shares); and
- Individual fishing quota in the Northwest Halibut/Sablefish and Bering Sea/Aleutian Islands Crab Fisheries.
The FFP will also refinance existing debt incurred for these purposes. The FFP will not finance a vessel refurbishing project that materially increases a vessel’s harvesting capacity.

Aquaculture

Aquatic Plants

Seafood

Eels

Fish

Shellfish

Atka Mackerel

Carp

Catfish

Flounder

Goosefish

Herring

Hybrid Striped Bass

Largemouth Bass

Ornamental Fish

Pacific Cod

Pacific Ocean Perch

Pollock

Recreational Sportfish

Red Drum

Sablefish

Salmon

Sole

Sturgeon

Tilapia

Trout

Tuna

Turbot

Crustaceans

Crab

Dungeness Crab

King Crab

Snow Crab

Southern Tanner Crab

Crayfish

Lobster

Molluscs

Geoduck

Squid

Locating a Lender:

You may click on one of the link below and select the desired state for a list of current FSA guaranteed lenders.
- Guaranteed Lender List By State, Effective March 31, 2020

Please note that this list is intended to get you started by providing very basic lender contact information. It may not contain all agricultural lenders in your area, and some lenders have multiple branches which are not specifically listed. Your local FSA Farm Loan Team can help you connect with a local lender, too, or provide you with a list of lenders known to make agricultural loans in your geographic location.

FSA’s Guaranteed Farm Loan Programs help&#x2004;family farmers and ranchers to obtain loans from USDA-approved commercial lenders at reasonable terms to buy farmland or finance agricultural production. FSA will guarantee farm loans through a commercial lender up to $1,776,000. Financial institutions receive additional loan business as well as benefit from the safety net the FSA provides by guaranteeing farm loans up to 95 percent against possible financial loss of principal and interest.


**Guaranteed versus Direct Farm Loans:**


With a guaranteed farm loan, the lender is FSA's customer, not the loan applicant. Guaranteed loans are the property and responsibility of the lender. The lender and loan applicant complete the Application for Guarantee and submit it to the FSA Service Center in their lending area. The Service Center works with the commercial lender to process the guarantee. The Farm Loan Officer reviews the application for applicant eligibility, repayment ability, adequacy of collateral, and compliance with other regulations, and if the applicant meets those requirements, the request is approved. The Service Center issues the lender a conditional commitment outlining the terms of the loan guarantee and indicating that the loan may be closed. The lender closes the loan and advances funds to the applicant, after which the Service Center staff issues the guarantee. The lender makes the loan and services it to conclusion. In the event the lender suffers a loss, FSA will reimburse the lender according to the terms and conditions specified in the guarantee.

A direct loan is funded directly by the Agency. The money used for direct loans comes from annual Congressional appropriations received as part of the USDA budget. The Agency is responsible for making and servicing the loan.


**Types of Guaranteed Farm Loans:**


- **FARM OWNERSHIP** loans may be used to purchase farmland, construct or repair buildings and other fixtures, develop farmland to promote soil and water conservation, or to refinance debt.

- **FARM OPERATING** loans may be used to purchase livestock, farm equipment, feed, seed, fuel, farm chemicals, insurance, and other operating expenses. Operating loans also may be used to pay for minor improvements to buildings, costs associated with land and water development, family living expenses, and to refinance debt under certain conditions. These loans may be structured as term loans or lines of credit depending upon the purpose and intended term of the loan.

- The **_EZ GUARANTEE_** Program is available for smaller loans. This program provides a simplified Guaranteed Loan application process to help small, new or underserved family farmers with early financial assistance. The EZ Guarantee is available for loan applications up to $100,000 for farm operating or farm ownership purposes. Streamlined financial underwriting is available for these loans, allowing all approved lenders to analyze the request in the same manner in which they would analyze a nonguaranteed loan request of the same size and type. All existing eligibility, loan purpose, security, and other requirements remain the same.



FSA’s Guaranteed Farm Loan Programs help family farmers and ranchers to obtain loans from USDA-approved commercial lenders at reasonable terms to buy farmland or finance agricultural production. FSA will guarantee farm loans through a commercial lender up to $1,776,000. Financial institutions receive additional loan business as well as benefit from the safety net the FSA provides by guaranteeing farm loans up to 95 percent against possible financial loss of principal and interest.

Guaranteed versus Direct Farm Loans:

With a guaranteed farm loan, the lender is FSA's customer, not the loan applicant. Guaranteed loans are the property and responsibility of the lender. The lender and loan applicant complete the Application for Guarantee and submit it to the FSA Service Center in their lending area. The Service Center works with the commercial lender to process the guarantee. The Farm Loan Officer reviews the application for applicant eligibility, repayment ability, adequacy of collateral, and compliance with other regulations, and if the applicant meets those requirements, the request is approved. The Service Center issues the lender a conditional commitment outlining the terms of the loan guarantee and indicating that the loan may be closed. The lender closes the loan and advances funds to the applicant, after which the Service Center staff issues the guarantee. The lender makes the loan and services it to conclusion. In the event the lender suffers a loss, FSA will reimburse the lender according to the terms and conditions specified in the guarantee.
A direct loan is funded directly by the Agency. The money used for direct loans comes from annual Congressional appropriations received as part of the USDA budget. The Agency is responsible for making and servicing the loan.

Types of Guaranteed Farm Loans:

- FARM OWNERSHIP loans may be used to purchase farmland, construct or repair buildings and other fixtures, develop farmland to promote soil and water conservation, or to refinance debt.
- FARM OPERATING loans may be used to purchase livestock, farm equipment, feed, seed, fuel, farm chemicals, insurance, and other operating expenses. Operating loans also may be used to pay for minor improvements to buildings, costs associated with land and water development, family living expenses, and to refinance debt under certain conditions. These loans may be structured as term loans or lines of credit depending upon the purpose and intended term of the loan.
- The EZ GUARANTEE Program is available for smaller loans. This program provides a simplified Guaranteed Loan application process to help small, new or underserved family farmers with early financial assistance. The EZ Guarantee is available for loan applications up to $100,000 for farm operating or farm ownership purposes. Streamlined financial underwriting is available for these loans, allowing all approved lenders to analyze the request in the same manner in which they would analyze a nonguaranteed loan request of the same size and type. All existing eligibility, loan purpose, security, and other requirements remain the same.

Qualifications:

To qualify for an FSA Guarantee, a loan applicant must:
- Be a citizen of the United States (or legal resident alien), which includes Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, and certain former Pacific Trust Territories
- Have an acceptable credit history as determined by the lender
- Have the legal capacity to incur responsibility for the loan obligation
- Be unable to obtain a loan without an FSA guarantee
- Not have caused FSA a financial loss by receiving debt forgiveness on more than 3 occasions on or prior to April 4, 1996, or any occasion after April 4, 1996, on either an FSA direct or guarantee loan
- Be the owner-operator or tenant-operator of a family farm after the loan is closed. For an Operating loan, the producer must be the operator of a family farm after the loan is closed. For a Farm Ownership loan, the producer also needs to own the farm
- Not be delinquent on any Federal debt.

Conservation Loan applicants do not have to meet the "family farm" definition nor do they have to be unable to obtain a loan without an FSA guarantee. All other eligibility requirements must be met.


- National Agricultural Library Farm Business Overview
- U.S. Small Business Administration Starting and Managing Your Business


Feed

Fertilizer

Pest Management

Seed

Interest Rates:

The Guaranteed loan interest rate and payment terms are negotiated between the lender and the applicant and may not exceed the maximum rates established by FSA.

Repayment Terms:

Repayment terms vary according to the type of loan made, the collateral securing the loan, and the producer's ability to repay. Operating Loans are normally repaid within 7 years and Farm Ownership loans cannot exceed 40 years. Operating Lines of Credit may be advanced for up to five years and all advances must be repaid within 7 years of the date of the loan guarantee.

Loan applications may be obtained from any Agricultural Loan Division Office. Loan Officers are available to provide assistance and guidance on the loan process. In order to be eligible for a direct loan, applicants must be denied credit from two lenders, which include banks, savings and loan associations, credit unions, mortgage loan companies, the Farm Credit System and/or the U.S. Department of Agriculture.

A private lender may pursue a participation loan or insured loan on behalf of the applicant. Under these circumstances, the private lender will work in conjunction with the Division on the loan application.

As part of the application process, aspects such as repayment ability, collateral, capital, economic and/or environmental conditions, credit history, and other factors will be taken into consideration. Acceptable applications are presented to the Board of Agriculture for final approval, with the exception of Micro-loans, which may be approved by the Chairperson of the Board of Agriculture.

Prior to obtaining and completing the loan application, it is recommend that you meet with or call one of our loan officers. They are available to assist you in determining your eligibility for the loan program and to guide you through the application process.

Oahu Agricultural Loan Division Office

Hilo Agricultural Loan Division Office

Kona Civic Center

The Hawaii New Farmer Loans are part of the Hawaii&#x2004;Agricultural Loan Division.


The State of Hawaii, Department of Agriculture’s Agricultural Loan Division administers the Agricultural Loan Program and the Aquaculture Loan Program. The intent of the programs is to help promote agricultural and aquacultural development of the State by providing credit at reasonable rates and terms to qualifying individuals or entities. Through the establishment of a revolving loan fund, credit is made available by supplementing private lender sector loan funds or by providing direct funding.


Considered a “lender of last resort”, the program is not intended to compete with private sector lenders. Prospective applicants must inquire with and be denied credit from private sector lenders prior to filling an application. In addition, prospective applicants must fulfill applicable eligibility requirements. Applicants that are not able to obtain denials from the private lending sector may inquire with the private lender on the possibility of utilizing the [insured/guaranty and/or participation loan facilities.](https://hdoa.hawaii.gov/agl/home/guaranteedparticipation-loans/)



The Hawaii New Farmer Loans are part of the Hawaii Agricultural Loan Division.

The State of Hawaii, Department of Agriculture’s Agricultural Loan Division administers the Agricultural Loan Program and the Aquaculture Loan Program. The intent of the programs is to help promote agricultural and aquacultural development of the State by providing credit at reasonable rates and terms to qualifying individuals or entities. Through the establishment of a revolving loan fund, credit is made available by supplementing private lender sector loan funds or by providing direct funding.

Considered a “lender of last resort”, the program is not intended to compete with private sector lenders. Prospective applicants must inquire with and be denied credit from private sector lenders prior to filling an application. In addition, prospective applicants must fulfill applicable eligibility requirements. Applicants that are not able to obtain denials from the private lending sector may inquire with the private lender on the possibility of utilizing the insured/guaranty and/or participation loan facilities.

A New Farmer is:
- A citizen of the United States who has resided in Hawaii for the preceding three years, or any permanent resident alien who has resided in Hawaii for the preceding three years; and
- A person who has successfully earned a degree in agriculture from an accredited university or community college; or
- A person displaced from employment in an agricultural production enterprise; or
- A person with two years experience as a part-time farmer; or
- A farm laborer or tenant, or a person who by reason of ability, experience and training are likely to successfully operate a farm.
- Certain restrictions may apply.

New Farmer Loans are for applicants who intend to farm full-time. A full-time farmer is a person who devotes most of their time to farming or derives most of their income from farming operations. A down payment or equity contribution equal to 15% of the total project cost is required from the applicant.

- Micro Loan Application
- Personal Financial Statement
- Expense Projection Sheet
- Income Assumptions
- Monthly Cash Flow Projections
- Food Manufacturing Income Assumptions


Training

Loan Rate and Amount:
- Interest Rates:  6% or 1.5% below the prime rate whichever is less with an interest rate floor of 3%. Rates are fixed at time of loan approval.
- Amount: $250,000 (see Note)

Note: Maximum loan amount of $250,000 may be used for a Farm Ownership and Improvement loan or a Farm Operating loan, or a combination of both types of loans.

Farm Ownership and Improvement Loans:
- Purpose: Purchase or improvement of farmland; construction, or improvement of essential farm buildings; liquidation of indebtedness for the foregoing purposes.
- Maximum Term: 40 years

Farm Operating Loans:
- Purpose: Purchase of farm equipment and livestock; payment of production and marketing expenses including materials, labor, and services; payment of living expenses; liquidation of indebtedness incurred for the foregoing purposes.
- Maximum Term: 10 years

Micro-Loans are also available for New Farmers, however, theses loans are restricted to operating loan purposes only. The maximum loan amount is $25,000 and the maximum term is 10 years. The application process minimizes paperwork and the loan approval process is expedited.

Follow the instructions to complete the FSA-2620 form. Submit the finished form to your local FSA office. At that time, you may be asked to complete additional FSA forms.

The **Highly Fractionated Indian Land Loan Program** helps Tribes, Tribal entities, and&#x2004;Tribal members alleviate the problems caused by fractionated interests on tribal lands. Through land consolidation, current and new agricultural operations can improve and expand access to USDA programs, increase agricultural productivity, and save Tribal farmland for future generations. This loan program is financed through revolving loan funds from the Agency and serviced through the approved intermediary lender, [Native American Community Development Corporation Financial Services, Inc.](http://nacdcfinancialservices.com/index.html)


In addition, **all** other [FSA farm loan programs](https://www.fsa.usda.gov/programs-and-services/farm-loan-programs/index) are available for individual Tribal member use.



The Highly Fractionated Indian Land Loan Program helps Tribes, Tribal entities, and Tribal members alleviate the problems caused by fractionated interests on tribal lands. Through land consolidation, current and new agricultural operations can improve and expand access to USDA programs, increase agricultural productivity, and save Tribal farmland for future generations. This loan program is financed through revolving loan funds from the Agency and serviced through the approved intermediary lender, Native American Community Development Corporation Financial Services, Inc.

In addition, all other FSA farm loan programs are available for individual Tribal member use.

An ultimate recipient is a Native American tribe, tribal entity, or a member of either that receives a loan from an intermediary lender's HFIL revolving fund. To receive a loan from the intermediary, they must:
- Comply with highly erodible land conservation and wetland conservation requirements on all their land;
- Agree to continue to use the land for agricultural purposes during the term of the loan;
- Agree to comply with the requirements of the intermediary lender;
- Funds may be used to pay costs incidental to land acquisition, including, but not limited to, title clearance, legal services, archeological or land surveys, and loan closing;
- May be used to pay for costs of an appraisal conducted for this loan; and
- Be able to purchase fractionated interests resulting in at least 51 percent ownership.

- Fact Sheet: Highly Fractionated Indian Land Program
- USDA Office of Tribal Relations
- USDA Council for Native American Farming and Ranching
- National Agricultural Library: Tribal Communities Resources and Planning Tools
- Intertribal Agriculture Council
- Indian Land Tenure Foundation
- Alaska Federation of Natives

People Of Color

Marketing assistance loans (MALs) and loan deficiency payments (LDPs) are marketing tools available during harvest or shearing. 

Marketing assistance loans provide interim financing at harvest time to help agricultural producers meet cash flow needs without having to sell their commodities when market prices are typically at harvest-time lows. This enables producers to delay selling the commodity until more&#x2004;favorable market conditions emerge. Storing production at harvest (or at shearing for wool and mohair) allows more orderly commodity marketing throughout the year.

Producers may obtain MALs or receive LDPs on all or part of their eligible production anytime during the loan availability period which runs from when the commodity is normally harvested (or sheared) until January 31st, March 31st or May 31st (depending on the commodity). Find the relevant due date for your crops on the [in the fact sheet](https://www.fsa.usda.gov/Assets/USDA-FSA-Public/usdafiles/FactSheets/mal_ldp_090420_fact_sheet.pdf#page=5).



Marketing assistance loans (MALs) and loan deficiency payments (LDPs) are marketing tools available during harvest or shearing. 
Marketing assistance loans provide interim financing at harvest time to help agricultural producers meet cash flow needs without having to sell their commodities when market prices are typically at harvest-time lows. This enables producers to delay selling the commodity until more favorable market conditions emerge. Storing production at harvest (or at shearing for wool and mohair) allows more orderly commodity marketing throughout the year.
Producers may obtain MALs or receive LDPs on all or part of their eligible production anytime during the loan availability period which runs from when the commodity is normally harvested (or sheared) until January 31st, March 31st or May 31st (depending on the commodity). Find the relevant due date for your crops on the in the fact sheet.

To be eligible for a MAL or LDP, a producer must: 
- Comply with conservation and wetland protection requirements; 
- Submit an acreage report for all cropland on all farms as applicable; 
- Have and retain beneficial interest in the commodity until the MAL is repaid or CCC takes title to the commodity; and 
- Meet adjusted gross income limitations (described in a later section).

Eligible Commodities
Eligible commodities include wheat, corn, grain sorghum, barley, oats, upland cotton, extra-long staple cotton (eligible for MAL only), long grain rice, medium grain rice, soybeans, other oilseeds (including sunflower seed, rapeseed, canola, safflower, flaxseed, mustard seed, crambe and sesame seed), dry peas, lentils, small chickpeas, large chickpeas, graded and nongraded wool, mohair, unshorn pelts (eligible for LDP only), honey and peanuts. Commodities harvested as other than grain may also be eligible for a LDP. The commodity must: 
- Have been produced, mechanically harvested or shorn from live animals by an eligible producer and be in storable condition; 
- Be merchantable for food, feed or other uses, as determined by CCC; and 
- Meet specific CCC minimum grade and quality standards for MALs.

Wheat

Corn

Barley

Upland Cotton

Long Grain Rice

Medium Grain Rice

Soybeans

Rapeseed

Canola

Safflower

Flax

Mustard

Dry Peas

Lentils

Chickpeas

Wool

Mohair

Honey

Peanuts

Sorghum

Durum Wheat

Hard Red Spring Wheat

Sweet Corn

Malting Barley

Bees

Row Crops

Cotton

Rice

Peas

Pulse Crops

Fibers

Specialty Livestock

Specialty Crops

Other Commodities

Livestock

- Marketing Assistance Loans and Loan Deficiency Payments 2020 Fact Sheet

Interest:

The interest rate charged on a commodity loan is set at one percentage point above CCC’s cost of borrowing on Jan. 1.

Accrued interest is the amount of interest that accumulates while a loan is outstanding, starting with the day the loan is made. Accrued interest is calculated by multiplying: (i) the applicable interest rate times, (ii) the ratio of the number of days under loan (starting with the initial day and continuing through the day prior to the day a loan is repaid) to the number of days in a year (i.e., 365) times, (iii) the loan principal. 

Loan Repayment 
MALs mature on the last day of the ninth calendar month following the month in which the MAL is approved, except all seed cotton loans mature on May 31 the year following when the cotton was planted. A producer may repay an outstanding MAL:
- Before maturity period by repaying the MAL, or;
- Upon maturity by settling or forfeiting the commodity to CCC. The commodity is transferred to CCC to repay the loan. For all loan-eligible commodities except extra-long staple (ELS) cotton or any recourse loan, a producer may repay a MAL any time during the loan period at the lesser of the:
- Loan rate plus accrued interest and other charges, or; 
- Alternative loan repayment rate as determined by CCC. For wheat, feed grains and oilseeds, the CCC determined alternative loan repayment rate is often referred to as the posted county price (PCP). PCPs are established and available at each local USDA Service Center. PCPs are based upon market prices at appropriate U.S. terminal markets, adjusted to reflect quality and location. PCPs are announced daily for wheat, feed grains, soybeans, canola, flaxseed and sunflower seed, and weekly for other oilseeds. For peanuts, CCC determines national posted prices (NPP) for four types of peanuts and announces them weekly. For dry peas and lentils, CCC determines and announces regional posted prices weekly. For wool and large and small chickpeas, CCC determines and announces an NPP weekly. For honey, CCC determines and announces the national survey price monthly. For long and medium grain rice and upland cotton, a producer may repay a MAL any time during the loan period at the lesser of the:
    - Loan rate plus accrued interest and other charges, or;
    - Adjusted world price (AWP). The AWP is the prevailing world market price adjusted to U.S. quality and location. Separate AWPs for long grain, medium grain rice and upland cotton are announced weekly.

Applicants must verify in their application that commercial lender or Farm Service Agency loan proceeds are available to help complete the proposed farming project. Applicants that are awarded grants may not materially deviate from their approved business plans without approval from MARBIDCO and the participating commercial lender.

Mail completed applications to:

MARBIDCO Programs
1410 Forest Dr., Suite 21
Annapolis, MD 21403

Maryland Agriculture & Resource-Based Industry Development Company

Obtaining financing is difficult for most farmers, but particularly for urban farmers. A very small amount of equity capital can make a significant difference in helping these business owners to obtain bank financing (commercial loans).


MARBIDCO’s MUACLIG program addresses the finance needs of urban farmers. With the support of Farm Credit, MARBIDCO provides grant funds to incentivize the urban farmer to try to obtain commercial financing.



Obtaining financing is difficult for most farmers, but particularly for urban farmers. A very small amount of equity capital can make a significant difference in helping these business owners to obtain bank financing (commercial loans).

MARBIDCO’s MUACLIG program addresses the finance needs of urban farmers. With the support of Farm Credit, MARBIDCO provides grant funds to incentivize the urban farmer to try to obtain commercial financing.

Applicants must be qualified Beginning Urban Farmers, which are defined as being farmers (either individuals or incorporated businesses) with the principal operator(s) having:
- Limited personal or business financial resources;
- A food/fiber growing operation located in an urban community (i.e., must be geographically located within an incorporated municipality, or within the Baltimore or Washington beltways including the City of Baltimore);
- Ten or fewer years of commercial farming experience – either in a for-profit or not-for-profit setting; and
- No previous commercial agriculture loan history.

Eligible business activities include the purchase of:
- Agricultural inputs and supplies such as seed, fertilizer, compost, and baskets;
- Farm tools and equipment;
- Greenhouses, high tunnels, refrigeration, and irrigation systems; and
- Hired labor (at no more than 20% of the total eligible project cost).


A lump sum of money for a specific purpose that does not need to be paid back.

Grant

Maximum Grant Amount: $10,000, calculated at no more than 20% of the project’s total cost and no more than 25% of the amount of the approved commercial loan for the project. (The minimum grant amount is $1,000 – with a commercial loan of $4,000, combines for a $5,000 project).

List of Agricultural Funding for Refinancing