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Farm Storage Facility Loan Borrowers Can Now Defer Payment

by Tiverton  The USDA’s Farm Service Agency (FSA) is now offering annual installment deferral options for farm storage facility loan borrowers who have experienced hardship from the pandemic or other production challenges. It’s a one-time annual installment payment deferral option with no fees or prepayment penalties for borrowers who choose this FSFL loan flexibility option. […]

Farm Lending Slows, More Pessimistic Outlook for Agricultural Economic Conditions

Commodity prices and closed markets aren’t the only effects of the pandemic. Farm lending has slowed and lends to a more pessimistic outlook for agricultural economic conditions. The slowdown is consistent across all types of loans, and delinquency rates on farm loans have steadily increased.    Takeaway: Government lending programs likely supplemented the financing needs […]

More Farmers Declare Bankruptcy Even with Billions in Aid

Despite a $7 billion injection from the Department of Agriculture to mitigate losses caused by the coronavirus pandemic, The Wall Street Journal reports that more U.S. farmers are filing for bankruptcy. Why it Matters: Farmers are fighting for their livelihood as commodity values are plummeting, supply chains are being cut off, and markets are closing […]