BLenders say it is an overdue fix, despite the fact that many want to see also greater limitations in the future.

BLenders say it is an overdue fix, despite the fact that many want to see also greater limitations in the future.

Farm Bill Raises FSA Loan Guarantee Limit

MOUNT JULIET, Tenn. (DTN) — When President Donald Trump signs the farm bill into legislation on Thursday, among the immediate modifications will soon be a growth to Farm provider Agency loan guarantees and direct loans.

«the greatest thing is these offer more freedom,» stated Ed Elfmann, senior vice president for ag and rural baking policy during the United states Bankers Association. «The greater freedom you could have, the greater, particularly since these operations develop bigger in proportions. We need to understand that ag just isn’t — farms aren’t — small, small, household operations like they was previously. They may be complex. They truly are numerous entities. They truly are growing in size and range.»

The Agricultural Improvement Act of 2018 raises FSA loan guarantees to $1.75 million through the present $1.399 million. […]