USDA Streamlines Forms And Rules For Farm Loans Programs
News Date November 14, 2007
Acting Agriculture Secretary Chuck Conner said last week that the forms and rules for USDA's Farm Loan Programs will be modernized by Jan. 1, 2008, to make it easier for America's farmers, ranchers, and producers to apply for loans. This is the largest such initiative in the 60-year history of farm loans. USDA incorporated about 1,500 comments from nearly 600 members of the public in making these changes.
The program rules and forms will officially change on Dec. 31, 2007. This will allow employees of the Farm Service Agency (FSA), which administers the program, time for nationwide training on the new forms and rules. Until then, FSA will follow current procedures.
The rule can be viewed at http://www.access.gpo.gov/su_docs/fedreg/frcont07.html.
More information about FSA can be found online at http://www.fsa.usda.gov; click on "Farm Loan Programs" for more information. (Contact: Jennifer Yezak)