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USDA Reports Record Enrollment in Key Farm Safety-Net Programs

Contact: FPAC.BC.Press@usda.gov

WASHINGTON, April 21, 2020 – Producers signed a record 1.77 million contracts for the U.S. Department of Agriculture’s Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2019 crop year, which is more than 107 percent of the total contracts signed compared with a 5-year average. USDA also reminds producers that June 30 is the deadline to enroll in ARC and PLC for the 2020 crop year.

USDA Updates Farm Loan Programs to Increase Equity

WASHINGTON, March 8, 2022 – The U.S. Department of Agriculture (USDA) is updating its farm loan programs to better support current borrowers, including historically underserved producers. These improvements are part of USDA’s commitment to increase equity in all programs, including farm loans that provide important access to capital for covering operating expenses and purchasing land and equipment.   

USDA Offers Annual Installment Deferral Option for Farm Storage Facility Loan Borrowers

Contact:
FPAC.BC.Press@usda.gov

WASHINGTON, Aug. 6, 2020 – To assist Farm Storage Facility Loan (FSFL) borrowers experiencing financial hardship from the pandemic and other challenges in production agriculture, USDA’s Farm Service Agency (FSA) is offering a one-time annual installment payment deferral option. No fees or prepayment penalties apply for borrowers who choose this FSFL loan flexibility option.