The System in Action
Over past 75 years, FSA has provided over $60 billion in loan money to farmers through its direct loan system, and it has guaranteed in full over $59 billion in extra loan capital. As a whole, over 3.7 million loans were built to farmers and ranchers in most 50 states as being a total outcome of federal FSA loan programs.
Here are a few samples of exactly just just how farmers throughout the nation used and benefitted from FSA farm loans:
- Not able to get financing through their bank, farmers in Minnesota utilized FSA Farmer that is beginning and Loans to shop for land and develop a barn having a root-storage center. The addition of a root-storage center permitted them to enhance product product sales to restaurants that are local universities during the cold winter whenever demand from all of these organizations is high and farm manufacturing is low. (more…)