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Changes to FSA Guaranteed Loan Program - 2-FLP, Amendment 30
Story Date: 2/27/2015
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Source: USDA, 2/26/15
Good morning from the Guaranteed Loan Making Team.
Amendment 30 to FSA Farm Loan Programs Handbook 2-FLP was recently issued to include the following changes:
• FSA’s definition of beginning farm has been changed to consider average acreage owned rather than median size farm
• FSA’s debt forgiveness definition has been amended to eliminate consideration of forgiveness of youth loans under certain circumstances
• FSA’s definition of farmer has been clarified to include “ranchers”
• FSA’s guarantee of Conservation Loans has been increased to 80% and in specific instances increased to 90%
• FSA’s guaranteed operating loan term limits have been eliminated
• Addition of some CFR references
The amendment is available at: http://www.fsa.usda.gov/Internet/FSA_File/2flp1-30.pdf
If you have any questions related to this Amendment feel free to contact the Farm Loan Programs at AskFSA@usda.gov
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