USDA's Farm Service Agency (FSA) announced it is relaxing its loan-making process and adding flexibilities for servicing direct and guaranteed loans to provide credit to producers in need.
“We recognize that farm loans are critical for annual operating and family living expenses, emergency needs and cash flow through times like this," FSA Administrator Richard Fordyce said in a statement. "FSA is working to find and use every option and flexibility to provide producers with credit options and other program benefits.”
The difficulties linked to the coronavirus situation a prompting a host of actions across government that are aimed at streamlining activities for businesses and giving some leeway as they grapple with the virus’ impacts.
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