β The Fair Credit for Farmers Act (S. 2668)
The Farm Service Agency (FSA), a public agency of the USDA, holds about 20% of all farm debt in the US. Many farmers and ranchers unable to obtain loans from private commercial lenders β especially small farm businesses and young, beginning, and historically-underserved farmers β depend on fair and equitable access to FSA loans to buy seeds, livestock, equipment and more.
The Fair Credit for Farmers Act significantly improves services offered by the FSA, strengthens farmer-borrower rights, and helps to prevent predatory and discriminatory lending practices. Strong FSA credit opportunities help farm businesses thrive and revitalize rural communities across America.
Itβs time for our government to show their commitment to US farmers and ranchers by improving FSA lending services to be easier to access, fair, and transparent!
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