714 et seq.).Ī loan made by another lender and guaranteed by FSA to eligible applicants to purchase, enlarge, or make capital improvements to family farms, or to promote soil and water conservation and protection, or to refinance debt. The program is authorized under the CCC Charter Act (15 U.S.C. Eligible facility types include grain bins, hay barns and facilities for cold storage. Eligible commodities include grains, oilseeds, peanuts, pulse crops, hay, honey, renewable biomass commodities, fruits and vegetables. The Farm Storage Facility Loan (FSFL) Program provides low-interest financing for producers to build or upgrade farm storage and handling facilities. The statutory authority for emergency loans is section 321 of the Consolidated Farm and Rural Development Act (Pub. Maximum outstanding loan amount is $500,000. Loans are available to eligible applicants who have incurred substantial financial losses from a disaster. Authorized by section 401 of the Agricultural Credit Act of 1978 (Pub. The natural disaster must create new conservation problems, which, if not treated, would: impair or endanger the land materially affect the productive capacity of the land represent unusual damage which, except for wind erosion, is not the type likely to recur frequently in the same area and be so costly to repair that Federal assistance is, or will be, required to return the land to productive agricultural use. Provides emergency funding for farmers and ranchers to rehabilitate farmland damaged by wind erosion, floods, hurricanes, or other natural disasters, and for carrying out emergency water conservation measures during periods of severe drought. ![]() A percentage of direct loan funds are targeted for beginning farmers. ![]() The maximum loan amount for a Direct Microloan is $50,000. ![]() Can be used for Direct Farm Ownership loan purposes or for Direct Operating loan purposes. 1911).Ī loan made to an eligible applicant to help the financing needs of smaller farming and ranching operations. The statutory authority for direct operating loans is section 311 of the CONACT (7 U.S.C. A percentage of direct operating loan funds are targeted for beginning farmers as mandated sections 346 and 355 of the Consolidated Farm and Rural Development Act (Pub. The Maximum loan amount for Direct Farm Operating is $400,000. 1922).Ī loan made to an eligible applicant to assist with the financial costs of operating a farm. The statutory authority for direct farm ownership loans is section 302 of the CONACT (7 U.S.C. A percentage of direct farm ownership loan funds are targeted for beginning farmers and socially disadvantaged applicants as mandated by sections 346 and 355 of the Consolidated Farm and Rural Development Act (Pub. CREP is a Federal, State, and local conservation partnership program that targets significant environmental effects related to Agriculture.Ī loan made to eligible applicants to purchase, enlarge, or make capital improvements to family farms, or to promote soil and water conservation and protection. CREP is a special conservation program that allows the CRP to be tailored to meet the needs of the State and local areas. 3831, et seq.).Ĭonservation Reserve Enhancement Program (CREP)Īs the name implies, this program is an enhanced version of the very successful Conservation Reserve Program (CRP). CRP was authorized by section 1231 of the Food Security Act of 1985, as amended (Pub. Contract duration is between 10 and 15 years. In return, CCC provides participants rental payments and cost-share assistance. Producers enrolled in CRP plant long-term, resource-conserving covers to improve the quality of water, control soil erosion, and enhance wildlife habitat. Provides a voluntary program to agricultural producers to help them safeguard environmentally sensitive land. The statutory authority for the Down Payment Loan Program is section 310E of the Consolidated Farm and Rural Development Act (Pub. Producers who participate in ARC/PLC are subject to an acre-for-acre payment reduction when fruits, vegetables and wild rice (FAV/Wild Rice) are planted on the base acres of a farm.Ī type of farm ownership loan made to eligible beginning farmers or ranchers and socially disadvantaged farmers or ranchers to finance a portion of a real estate purchase. ARC/PLC provides revenue and price loss payments to eligible producers. ![]() The Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs were authorized by the 20 Farm Bills., which are administered by USDA’s Farm Service Agency (FSA). Celeste Bonniksen, Farm Loan SpecialistĪgriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) Program.
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