USDA’s Simplified Direct Loan Application is Now Available for all Producers – Vegetable Crops Hotline

USDA’s Simplified Direct Loan Application is Now Available for all Producers

Adopted from a Farmers.gov bulletin, March 7, 2023

A new, simplified direct loan application is now available for all producers seeking a direct farm loan from the Farm Service Agency (FSA). The new application, reduced from 29 to 13 pages, provides improved customer experience for producers applying for loans and enables them to complete a more streamlined application.

Producers now also have the option to complete an electronic fillable form or prepare a traditional paper application for submission to their local FSA farm loan office.

Coupled with the Loan Assistance Tool released in October 2022, the simplified application will provide all loan applicants access to information regarding the application process and assist them with gathering the correct documents before they begin the process. This will help farmers and ranchers submit complete applications and reduce the number of incomplete, rejected, or withdrawn applications.

The simplified direct loan application and Loan Assistance Tool are the first of multiple farm loan process improvements that will be available to USDA customers on farmers.gov in the future. Other improvements that are anticipated to launch in 2023 include:

  • An interactive online direct loan application that gives customers a paperless and electronic signature option, along with the ability to attach supporting documents such as tax returns.
  • An online direct loan repayment feature that relieves borrowers from the necessity of calling, mailing, or visiting a local Service Center to pay a loan installment.

Producers can explore all available options on all FSA loan options at fsa.usda.gov or by contacting their local USDA Service Center.

Share This Article
It is the policy of the Purdue University that all persons have equal opportunity and access to its educational programs, services, activities, and facilities without regard to race, religion, color, sex, age, national origin or ancestry, marital status, parental status, sexual orientation, disability or status as a veteran. Purdue is an Affirmative Action Institution. This material may be available in alternative formats. 1-888-EXT-INFO Disclaimer: Reference to products in this publication is not intended to be an endorsement to the exclusion of others which may have similar uses. Any person using products listed in this publication assumes full responsibility for their use in accordance with current directions of the manufacturer.
Vegetable Crops Hotline - Horticulture & Landscape Architecture, 625 Agriculture Mall, West Lafayette, IN 47907

© 2024 Purdue University | An equal access/equal opportunity university | Copyright Complaints | Maintained by Vegetable Crops Hotline

If you have trouble accessing this page because of a disability, please contact Vegetable Crops Hotline at plangenh@purdue.edu | Accessibility Resources