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USDA, Farm Service Agency guaranteed loan servicing options

Author

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  • Blanchfield, John
  • Nehls, Craig

Abstract

For USDA, Farm Service Agency (FSA) guaranteed farm loan borrowers that are having a difficult time financially, there are many options available to bankers to work with the customer to restructure the loan. Information from the national Office of the FSA provides a brief description of options, including: 1. restructuring, 2. reamortization, 3. interest rate reduction, 4. deferral, 5. interest assistance, and 6. debt write-down. Bankers are advised that they must seek prior written approval from local FSA officials before implementing any of these servicing options.

Suggested Citation

  • Blanchfield, John & Nehls, Craig, 1999. "USDA, Farm Service Agency guaranteed loan servicing options," American Bankers Association, American Bankers Association > Journal of Agricultural Lending, vol. 12(2).
    • Handle: RePEc:ags:abajal:336461
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    File URL: https://ageconsearch.umn.edu/record/336461/files/ers2022-23-0417.pdf
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