Source:  USDA, 10/22/21

Intermediary lenders can apply through October 29 to the new Heirs’ Property Relending Program (HPRP). Cooperatives, credit unions and nonprofit organizations are encouraged to apply for these competitive loans, which ultimately will help agricultural producers and landowners resolve heirs’ land ownership and succession issues. Through HPRP, FSA loans up to $5 million at a 1% interest rate to eligible lenders. Lenders will reloan funds to heirs to help resolve title issues by financing the purchase or consolidation of property interests and financing costs associated with a succession plan.

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