The U.S. Department of Agriculture’s Farm Service Agency (FSA) makes and guarantees loans to beginning farmers who are unable to obtain financing from commercial lenders. Each fiscal year, FSA targets a portion of its direct and guaranteed farm ownership and operating loan funds to beginning farmers. FSA’s Down Payment Loan Program assists socially disadvantaged and beginning farmers in purchasing a farm. Retiring farmers may use this program to transfer their land to future generations.
Federal Down Payment Loan Program Program Authorization Statute
Statutes and Ordinances
Level of Government
Beginning Farmers, Farm Bill, Farm Transfer, Farmland Affordability, Planning for Agriculture and Food Systems
7 U.S.C. § 1935 (2013).