USDA updates loan programs for beginner farmers

AFBF supports USDA’s farm loan program enhancements

Recently American Farm Bureau Federation President Zippy Duvall expressed support for the USDA's proposed adjustments to the Farm Service Agency’s (FSA) Farm Loan Programs. These reforms are specifically targeted at increasing loan availability for new and beginning farmers, a group that has been at the forefront of discussions between the AFBF and the USDA.

The changes, which were shaped by insights from recent dialogues with FSA Administrator Zach Ducheneaux, are intended to provide essential flexibility in the lending process. These adjustments are seen as vital in easing the economic strains faced by farm families, especially in the current challenging economic landscape.

Duvall highlighted the proactive steps taken by Ducheneaux and his team in reassessing their loan programs to better meet the needs of modern farmers. “We welcome the concept of USDA’s changes,” Duvall noted, “and we look forward to diving into the details of the rule.”

The AFBF plans to actively engage with the USDA to fine-tune the reforms, ensuring they effectively support farm and ranch families in continuing their agricultural pursuits.

This positive reception from the AFBF signifies strong support for the USDA’s efforts to adapt its policies to better serve the agricultural sector, particularly by nurturing the next generation of farmers with improved access to necessary financial resources.