Set-Aside Delays Loan Payments for Borrowers

WASHINGTON, May 21, 2020 – USDA’s Farm Service Agency (FSA) will broaden the use of the Disaster Set-Aside (DSA) loan provision, normally used in the wake of natural disasters, to allow farmers with USDA farm loans who are affected by COVID-19, and are determined eligible, to have their next payment set aside. In some cases, FSA may also set aside a second payment for farmers who have already had one payment set aside because of a prior designated disaster.

This Secretarial natural disaster designation allows the United States Department of Agriculture (USDA) Farm Service Agency (FSA) to extend much-needed emergency credit to producers recovering from natural disasters through emergency loans. Emergency loans can be used to meet various recovery needs including the replacement of essential items such as equipment or livestock, reorganization of a farming operation or the refinance of certain debts.

Emergency Support to Producers in Surrounding Counties Also Available

WASHINGTON, March 18, 2020 — Agriculture Secretary Sonny Perdue designated six California counties as primary natural disaster areas. Producers who suffered losses due to recent natural disasters may be eligible for U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) emergency loans.

56 Organizations Identified to Assist Producers Impacted by the Pandemic, Natural Disasters and Heirs Property Issues

Emergency Support to Producers in Surrounding Counties/Border State Also Available

WASHINGTON, Feb. 11, 2020 — Agriculture Secretary Sonny Perdue designated five Arizona counties as primary natural disaster areas. Producers in Cochise, Graham, Maricopa, Pima, and Pinal counties who suffered losses due to recent drought may be eligible for U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) emergency loans.

This Secretarial natural disaster designation allows the United States Department of Agriculture (USDA) Farm Service Agency (FSA) to extend much-needed emergency credit to producers recovering from natural disasters through

The U.S. Department of Agriculture (USDA) has launched an online application for Direct Loan customers. More than 26,000 customers who submit a Direct Loan application each year can now use an online, interactive, guided application that is paperless and provides helpful features including an electronic signature option, the ability to attach supporting documents such as tax returns, complete a balance sheet and build a farm operating plan.

Contact: FPAC.BC.Press@usda.gov

WASHINGTON, Aug. 6, 2020 – To assist Farm Storage Facility Loan (FSFL) borrowers experiencing financial hardship from the pandemic and other challenges in production agriculture, USDA’s Farm Service Agency (FSA) is offering a one-time annual installment payment deferral option. No fees or prepayment penalties apply for borrowers who choose this FSFL loan flexibility option.