In 2023, FSA modernized its loan processes with flexible repayment terms and reduced collateral requirements, benefiting 85,000 borrowers. Online tools such as the Loan Assistance Tool have streamlined applications. The Inflation Reduction Act further provided $2.74 billion to distressed farmers, ensuring financial stability.
Promoting Equity and Urban Agriculture
FSA allocated $300 million to underserved farmers for land access and market projects. Urban agriculture initiatives expanded with 17 Urban Service Centers, encouraging small-scale urban farming.
Technological and Climate Advancements
The Conservation Reserve Program (CRP) added 15.2 million acres, promoting climate-smart agriculture. Technological updates like the FSA Web Environmental Analysis Tool accelerated program access and environmental reviews.
Commitment to Farmers
FSA’s advancements in disaster relief, loans, and sustainability highlight their dedication to America’s agricultural community. These efforts are securing a brighter future for US farmers.
To learn more, visit farmers.gov.