Loan Funding for Agriculture

 

The Department of Agriculture announced more funding for farm operating loans.

 

The Farm Service Agency (FSA) says the funding will help out 1,900 approved applicants.

 

The funds give the USDA $185 million dollars in additional lending for direct and guaranteed farm operation loans. It also addresses up to 30% of the projected shortfall in funding for the program before the next fiscal year.

 

The FSA has guaranteed loans to 6,400 customers for farm ownership and operating purposes.