Did you ever think about how the food you eat is produced? How are your veggies grown? Are they really safe to eat?
We have so much to learn about food – how it is grown and up until it reaches our tables.
In America today, farmers produce crops not only to put food on American tables. Our Nation’s farmers have exported a trillion dollars worth of agricultural products from 2009 to 2016. We help feed the rest of the world.
Greener Communities: Nurturing the Love for Farming
The United States Department of Agriculture does not only support farmers through various programs. It also encourages those who are not to grow a love for farming.
Urban settlers, American seniors, as well as farming families and enterprises, can take advantage of the many different farm financing loans available through the USDA. These funds can be used in the creation, expansion, and improvement of farms.
Greener Communities: Sustaining the Agricultural Industry Through Farm Loans
Whether you are a neophyte in farming, a tenured farm operator or a niche farmer, there is a farm financing product perfect for you.
You have the option to tap on commercial banks and lending companies who specialize in loans intended for farming and agriculture. The federal government, through the USDA, also a broad line of farm loans to assist farmers in need.
Farm financing is essential in keeping the country’s agricultural industry alive.
USDA Farm Loans
Guaranteed Farm Loan Program
The guaranteed farm loans are ensured by the FSA. A private lender or bank provides the funds for the loan to get the ball rolling. It is also the lender who services these loans.
Like the microloan programs, it comes in two forms: Farm Ownership and Farm Operation.
The guarantee from the FSA allows farmers to get loans with competitive prices, lower interest, and more favorable terms.
From smaller financing, the FSA also guarantees EZ loans.
And EZ loan can have a cap of $100,000, targeting specific farmers needing smaller farming loans. The loan process is streamlined, making it faster and easier for borrowers.
Micro loans can be helpful to American Seniors who are considering farming in their post-retirement life. Later-life farming can be very rewards, especially to the seniors who want to “unretire’ themselves.
Direct Farm Loan Programs
Unlike the guaranteed loans, the direct farm loans are serviced and funded by the federal government through the FSA. It has two types as well.
It is intended for the purchase of new farms or to expand existing ones (Direct Farm Ownership Loan). It can also be used to cover farm operating expenses (Direct Farm Operating Loan).
While there has been growth in the number of commercial farming enterprises the recent decades, a large percentage of the US farms are still owned by families. Direct farm loans can help sustain the family business. It can also be beneficial to newly emerging agri-enterprises.
Through the Farm Service Administration (FSA), Microloan Programs were created for farmers and rancher, both traditional and non-traditional. It is funded by the USDA’s annual budget. New, small or niche farmers are the target of these programs
A micro loan can have a maximum loan cap of 50,000 dollars. It has two types, the Direct Farm Ownership Microloan (used to purchase land and farm) and the Direct Farm Operating Loan (It is intended to cover the cost of farm operations),
Are you a city dweller who takes urban farming very seriously? Do not hesitate to finance through a USDA Microloan. It can help you grow your farm not just for your own consumption, but into a small business.
Neighborhoods which can produce their own food are not just green communities, it also is healthier. The USDA is with you in creating greener communities, transforming the nation into a country of growers.