The U.S. Department of Agriculture’s (USDA) Farm provider Agency (FSA) makes and guarantees loans to starting farmers whom are not able to get funding from commercial loan providers. Each financial 12 months, FSA targets a percentage of its direct and guaranteed in full farm ownership (FO) and running loan (OL) funds to starting farmers.
A starting farmer is a person or entity who:
- Have not operated a farm for over ten years;
- Suits the mortgage eligibility demands for the system to which she or he is using;
- Substantially participates into the operation and;
- Will not have a farm or ranch higher than 30 % for the average size farm in the county