Farm Emergency Loans
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"The U.S. Department of Agriculture's (USDA) Farm Service Agency (FSA) provides emergency loans to help farmers and ranchers who own or operate a farm/ranch located in a county declared by the President or designated by the Secretary of Agriculture as a primary disaster area or quarantine area. Emergency loan funds may be used to: Restore or replace essential property Pay all or part of production costs associated with the disaster year Pay essential family living expenses Reorganize the farming operation Refinance certain debts, excluding real estate Loan applicants may borrow up to 100 percent of their total actual production and/or physical losses. The maximum loan amount is $500,000. Loans for crops, livestock, and non-real estate losses have a repayment term usually between 1 to 7 years depending upon the loan purpose, collateral, and repayment ability. Loans for physical losses to real estate normally have a 30-year repayment term, not to exceed 40 years."
Farm Loans Disaster Set-Aside Program
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When Farm Service Agency (FSA) borrowers located in designated disaster areas or contiguous (adjoining) counties are unable to make their scheduled payment on any FSA debt, FSA is authorized to consider set-aside of one payment to allow the operation to continue. This program is authorized under Section 331A of the Consolidated Farm and Rural Development Act. Assistance is available in counties, or contiguous counties, who have been designated as emergencies by the President, Secretary or FSA Administrator.
Farm Ownership Loans (Direct and Guaranteed)
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"The Farm Service Agency (FSA) makes farm ownership loans to farmers and ranchers who are temporarily unable to obtain private, commercial credit at reasonable rates and terms. Farm ownership loans are used to purchase farmland, construct and repair buildings, and make farm improvements. Both guaranteed and direct loans are available through this program. FSA guaranteed loans provide lenders (e.g., banks, Farm Credit System institutions, credit unions) with a guarantee of up to 95 percent of the loss of principal and interest on a loan. The maximum FSA guaranteed farm ownership loan is $1,302 ,000 (adjusted annually based on inflation). Your lender can tell you if a guarantee is the right loan for you. Applicants who are unable to qualify for a guaranteed loan may be eligible for a direct loan from FSA. Direct loans are made and serviced by FSA officials using government funds. FSA provides direct loan customers with supervision and credit counseling so that they have a greater chance to be successful. The maximum direct farm ownership loan is $300,000."
USDA Rural Development Community Facilities Loan, Grant, and Guaranteed Loan Data
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Locations and characteristics of projects that have received USDA Rural Development Community Facilities Loans, Grants, and Guaranteed Loans. Includes latitude and longitude coordinates, facility name and address, NAICS Code, funding type, obligation date and amount, total development cost, borrower name and type, and more
Farm Operating Loans (Direct and Guaranteed)
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"The Farm Service Agency (FSA) offers farm operating loans to farmers who are temporarily unable to obtain private, commercial credit at reasonable rates and terms. Operating loans are used to purchase items such as livestock and feed, machinery and equipment, fuel, farm chemicals, and insurance; pay family living expenses and general farm operating expenses; and make minor improvements or repairs to buildings and fencing. Both guaranteed loans and direct loans are available through this program. FSA guaranteed loans provide lenders (e.g., banks, Farm Credit System institutions, credit unions) with a guarantee of up to 95 percent of the loss of principal and interest on a loan. The maximum FSA guaranteed operating loan is $1,302,000 (adjusted annually based on inflation). Applicants unable to qualify for a guaranteed loan may be eligible for a direct loan from FSA. Direct loans are made and serviced by FSA officials, who also provide borrowers with supervision and credit counseling. The maximum amount for a direct farm operating loan is $300,000. FSA also provides Microloans, which are direct operating loans designed to meet the unique financial operating needs of many socially disadvantaged and beginning farmers, niche farm operations, the smallest of family farm operations, and those serving local and regional food markets, including urban farmers. The maximum loan amount for a Microloan is $35,000. The repayment terms vary according to the type of loan made, collateral securing the loan, and the applicant's ability to repay. Term operating loans are normally repaid within 7 years and annual operating loans are generally repaid within 12 months or when the commodities produced are sold."