FMHA's guaranteed loan program: a tool for improving bank performance

William Herr

American Bankers Association, 1992, vol. 06, issue 01

Abstract: Although already twenty years old, the Farmers Home Administration's (FmHA) guaranteed farm loan program has yet to reach its full potential. In fiscal 1991, less than 40% of guaranteed loan authority was obligated. As lenders complain of burdensome paperwork and time-consuming procedures, the FmHA must aim to streamline the program. Also, greater involvement by FmHA personnel in the loan application process would help. Lenders should strive to use FmHA loan guarantees to improve returns and stimulate economic growth in their markets.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 1992
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