Butler,
Missouri - Aug. 7, 2014 — The U.S. Department of Agriculture
(USDA) Missouri
Farm Service Agency (FSA) Executive Director, Mark Cadle, today
announced that farmers and ranchers still have time to apply for low
interest 2014 loans available through FSA’s direct farm ownership
program. The deadline to submit applications is Sept. 30, 2014.
Eligible
producers can borrow up to $300,000 in direct farm ownership loans to
buy or enlarge a farm, construct new farm buildings or improve
structures, pay closing costs, or promote soil and water conservation
and protection. The interest rate on select loans can be as low as
1.5 percent with up to 40 years to repay.
“This
is an extraordinary opportunity for more farmers and ranchers to get
low-interest loans to start their first farm, or expand an existing
family farm,” said Cadle. “There are no backlogs or waiting for
funding. If you’ve dreamed about starting a farm,
or
if you’re looking to strengthen your farm, we want to help.”
FSA
encourages all interested applicants to apply for direct farm
ownership loans. For more information about the program and other
loans administered by FSA, visit any FSA county office or
www.fsa.usda.gov.
