The USDA’s Farm Service Agency issued it’s second-highest ever amount of farm loans in 2017. The agency issued a statement over the weekend saying their loan programs pumped six billion dollars into a diverse group of American farm operations.
Three-point-five billion of that was allocated for farm ownership loans. Another 2-point-5 billion went to operating loans.
Acting Deputy Undersecretary Dr. Robert Johansson says FSA credit impacted 120-thousand family farmers either directly or through guaranteed loans through commercial lenders.
Continue reading USDA farm loans top 6 billion at Brownfield Ag News.
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