Farm Ownership Loans Grants

What is the aim of the Farm Ownership Loans Grants?

To assist eligible farmers, ranchers, and aquaculture operators, including farming cooperatives, corporations, partnerships, and joint operations, through the extension of credit and supervisory assistance to: Become owner-operators of not larger than family farms; make efficient use of the land, labor, and other resources; carry on sound and successful farming operations; and enable farm families to have a reasonable standard of living.

Who is Eligible to Apply for the Farm Ownership Loans Grants?

If a cooperative, corporation, joint operation or partnership, the entity must be controlled by farmers or ranchers engaged primarily and directly in farming in the U.S., after the loan is made, and must consist of members, stockholders, partners, or joint operators (8) have a minimum of 3 years farming experience.

Applicants must also comply with the highly erodible land and wetland conservation provisions of Public Law 99-198 of the Food Security Act of 1985 (FSA).

To be eligible to obtain a direct loan, a borrower must abide by the Agency’s borrower training requirements. Applicants/borrowers requesting guaranteed loan assistance must meet all lender requirements.

How to Apply for the Farm Ownership Loans Grants?

Applicants must file Form FSA 2001, Application for FSA Services, with supporting information, at the local county office of the Farm Service Agency for direct loans or Form FSA 2211 with the prospective lender for loan guarantees.

How much is the Range and Average of Farm Ownership Loans Grants?

Direct Farm Ownership Loans up to $300,000; Guaranteed Farm Ownership Loans up to $1,112,000. (amount adjusted annually for inflation).
FY 2009; Direct Farm Ownership Loan average loan size approximately $167,815.
FY 2009; Guaranteed Farm Ownership Loan average loan size approximately $345,189.

Where to Apply for the Farm Ownership Loans Grants?

Regional or Local Office
None. Contact the appropriate FSA State Office listed in Appendix IV of the Catalog. Vist the FSA website at www.fsa.usda.gov.

Headquarters Office
Trent Rogers, USDA-FSA-DAFLP-LMD, 1280 Maryland Ave, SW, Suite 240, Washington, District of Columbia 20024
Phone: (202) 720-1657
Fax: (202) 720-6797
Email: trent.rogers@wdc.usda.gov
Web Site Address: http://www.fsa.usda.gov

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