USDA Announces Updates to Farm Loan Program

USDA announced changes to the Farm Service Agency’s (FSA) Farm Loan Programs, intended to increase opportunities for farmers and ranchers to be financially viable. The changes, part of the Enhancing Program Access and Delivery for Farm Loans rule, are effective September 25, 2024. The most notable changes include a new, low-interest installment set-aside program for financially distressed borrowers, access to flexible repayment terms, and additional loan security requirements that enable borrowers to leverage equity.