Farm Bill Raises FSA Loan Guarantee Limit
MOUNT JULIET, Tenn. (DTN) — When President Donald Trump signs the farm bill into legislation on Thursday, among the instant modifications is supposed to be a rise to Farm provider Agency loan guarantees and loans that are direct.
“the greatest thing is these offer more freedom,” stated Ed Elfmann, senior vice president for ag and rural baking policy during the United states Bankers Association. “The greater freedom it’s possible to have, the greater, particularly since these operations develop bigger in proportions. We must understand that ag just isn’t — farms aren’t — small, small, household operations like they had previously been. They truly are complex. They are numerous entities. They are growing in scope and size.”
The Agricultural Improvement Act of 2018 raises FSA loan guarantees to $1.75 million through the current $1.399 million. Continue reading “BLenders say it really is an overdue fix, and even though many want to see even greater limits in the future.”