Farm Credit System Institutions made more than 150,000 loans to young, beginning, and small U.S. producers in 2024. A new Farm Credit Administration Report shows the institutional support for its ongoing mission of supporting rural communities and agriculture. “The future of agriculture depends on the next generation,” said Christy Seyfert, president and CEO of the Farm Credit Council. “We’re proud to deliver on our ongoing commitment to supporting young, beginning, and small producers as evidenced through this report.” During 2024, Farm Credit institutions made 150,156 loans to young, small, and beginning farmers, totaling $33.1 billion, which was more than half of all loans made last year. Through 2024, Farm Credit supported 50,143 loans to young producers who were 35 and under. More than 72,600 loans were made to beginning producers with ten years or less of experience, and 121,200 loans to producers with under $350,000 in gross cash farm income.
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