Start Your Farm with a USDA Farm Loan

Taking over the family farm is not as easy as it used to be. Nor is starting one from scratch or buying a farm or ranch for sale. As near as half a century ago farmers and ranchers would simply pass down their land, equipment and livestock to their sons and daughters to continue the operation. But with the costs of purchasing and maintaining a farms and ranches rising to prohibitive levels, fewer and fewer people are continuing this much needed industry.

Running the ranch or farm need not be impossible. Loans for farmers and ranchers seem harder and harder to come by. Many farms and ranches are already mortgaged to the hilt just to stay afloat. But with the help of a US Department of Agriculture (USDA) farm loan you can get the help you need to keep on growing.

How does it work? The USDA makes both direct and guaranteed loans to eligible farmers and ranchers. Direct loans are funded directly from the USDA Farm Service Agency. Guaranteed loans are approved and disbursed through third party lenders, usually banks or mortgage companies, with a guarantee from the USDA on up to 95% the loan funds.

A USDA farm loans can be approved for operating or for farm ownership. Either type of loan can be used for all types of farm or ranch needs including the purchase of:

  • Land
  • Building construction
  • Farm improvements
  • Livestock
  • Equipment
  • Feed
  • Seed
  • Other essential farm or ranch materials
USDA Farm Family

If you are in need of a loan to fix your home or make improvements, and you live in a rural area you may be eligible for the Rural Housing Repair and Rehabilitation Loan. Contact the USDA for more information on this and more valuable loan programs.