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Farm Ownership Loans are Direct Loans offered by the Farm Service Agency (FSA) to help farmers and ranchers purchase or enlarge family farms, improve and expand current operations, increase agricultural productivity, and assist with land tenure to save farmland for future generations. These loans can provide up to 100% financing with a maximum loan amount of $600,000 ($300,150 for Beginning Farmer Down Payment). The funding comes from Congressional appropriations as part of the USDA budget and is serviced through local Farm Loan Officers and Farm Loan Managers.
🏦 Loan
Detailed Project Plan
National
Loan Purposes
Buy a farm or ranch
Enlarge an existing farm or ranch
Make a down payment on a farm
Purchase of easements
Construct, purchase or improve farm dwellings, service buildings or other facilities and improvements essential to the farm operation
Promote soil and water conservation and protection
Pay loan closing costs
Eligibility
Eligibility is determined based on individual needs and the type of loan applied for (regular, joint financing, or down payment). Applicants must be engaged in farming and have the ability to repay the loan. FSA evaluates creditworthiness, farming experience, and the viability of the farming operation. Additional eligibility criteria may apply for beginning farmers or specific loan types.
Terms
Maximum loan amount of $600,000 ($300,150 for Beginning Farmer Down Payment). The loan is fully financed and serviced by FSA through local offices. The loan terms, repayment periods, and interest rates are determined based on individual circumstances and FSA loan policies.
Application Instructions
Applications are submitted through local Farm Loan Officers and Farm Loan Managers. Interested applicants can contact their local FSA office for assistance with the application process. Detailed instructions and requirements are available in the Direct Loan Making Handbook 3-FLP.
Tags
Land OwnershipConservationBeginning Farmers
Details
Financial InstrumentLoan
Application DifficultyDetailed Project Plan
Maximum Award Amount$600,000
OrganizationFarm Service Agency