More help is on the way for producers.
In an announcement today, Agriculture Secretary Tom Vilsack said a high demand for farm ownership and direct farm operating funds has prompted USDA to transfer appropriated funds between programs to meet the urgent credit needs of producers.
“With these funds, we can help thousands of producers establish and maintain their family farming operations and obtain long-term credit assistance through a commercial lender,” said Vilsack. The transfer will make an additional $100 million in loan funds available for the direct operating loan program, which will provide 1,600 small, beginning and minority farmers with resources to establish and maintain their family farming operations. Learn more.
