U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Administrator Bruce Nelson announced a new rule that expands loan opportunities for beginning and socially disadvantaged farmers and ranchers, while also establishing a new Land Contract Guarantee Program. The rule provides additional flexibility allowing FSA loan officers to consider all prior farming experience, including on-the-job training and formal education, when determining eligibility for FSA for farm operating and ownership loans. It also expands a previous pilot program, the Land Contract Guarantee Program, from six states to all 50 states. This program is designed to encourage farmers and ranchers to sell their property to beginning and socially disadvantaged (SDA) farmers and ranchers through the use of seller financing. For more, go here!
USDA Announces START2FARM.GOV to Support America's Future Farming Generations
Agriculture Secretary Tom Vilsack and USDA's National Agricultural Library, in partnership with the American Farm Bureau Federation, announced Start2farm.gov, a new online portal that helps provide assistance for beginning farmers and ranchers. The portal includes links to training, financing, technical assistance and other support services specifically for beginning farmers and ranchers as well as successful case studies about new and beginning farmers and ranchers. For more information, go here! or the website START2FARM.GOV