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USDA Announces Availability of Additional Farm Loan Funding
09/02/2016 11:00 AM EDT

WASHINGTON, Sept. 2, 2016 – The U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Administrator Val Dolcini today announced that additional funding will be made available to assist more than 1,900 approved applicants who are awaiting farm operating loans. The funds, which were reprogrammed by FSA with the approval of Congress, will leverage up to $185 million in additional lending for direct and guaranteed farm operation loans and will allow the agency to address up to 30 percent of its projected shortfall of funds until the next federal fiscal year resumes on Oct. 1.