Please tell us why the Farm Services Agency suspended farm loan guarantees? We are ready to close on 4 poultry farms in Arkansas but as of April 10, 2023 the bank said FSA has put a hold on farm loan guarantees so we can't close until they get the all clear from FSA and no one can say when that will be. Please tell us when that will be lifted? We have several farms waiting to close. People have sold their homes, buyers and sellers have U-hauls loaded, the sellers are being pressured by the integrators to put in another 7 week flock because we can't count on FSA anymore and the mortgage payment still needs to be paid ...
This FSA document might help: www.fsa.usda.gov/Assets/USDA-FSA-Public/usdafiles/FactSheets/farm_loan_info_chart-factsheet.pdf. And, here's a tool to help you decide which loans will work for you: www.farmers.gov/fund/farm-loan-discovery-tool. For more answers, contact your local FSA office. Find it at www.farmers.gov/coronavirus/service-center-status.
This video was extremely helpful
-JBG
Please tell us why the Farm Services Agency suspended farm loan guarantees? We are ready to close on 4 poultry farms in Arkansas but as of April 10, 2023 the bank said FSA has put a hold on farm loan guarantees so we can't close until they get the all clear from FSA and no one can say when that will be. Please tell us when that will be lifted? We have several farms waiting to close. People have sold their homes, buyers and sellers have U-hauls loaded, the sellers are being pressured by the integrators to put in another 7 week flock because we can't count on FSA anymore and the mortgage payment still needs to be paid ...
sf watched the video on FSA loans
Can you get a guaranteed Farm loan at the maximum amount and a guaranteed operating loan at maximum amount
This FSA document might help: www.fsa.usda.gov/Assets/USDA-FSA-Public/usdafiles/FactSheets/farm_loan_info_chart-factsheet.pdf. And, here's a tool to help you decide which loans will work for you: www.farmers.gov/fund/farm-loan-discovery-tool. For more answers, contact your local FSA office. Find it at www.farmers.gov/coronavirus/service-center-status.