Capital is the lifeblood of any farming and ranching operation, and in the recently completed fiscal year the U.S. Department of Agriculture’s (USDA) Farm Loan Programs pumped $5.9 billion in support to a diverse group of producers across America, which was the second highest total in Farm Service Agency (FSA) history. Over $2.5 billion of that total was direct and guaranteed operating loans, and another $3.5 billion was allocated for direct and guaranteed farm ownership loans. The $5.9 billion in new lending continued the recent growth in FSA’s farm loan portfolio. By the end of the fiscal year, FSA was providing credit, either directly or guaranteed through commercial lenders, to 120,000 family farmers across the country.
