USDA, Farm Service Agency guaranteed loan servicing options

John Blanchfield and Craig Nehls

American Bankers Association, 1999, vol. 12, issue 2

Abstract: For USDA, Farm Service Agency (FSA) guaranteed farm loan borrowers that are having a difficult time financially, there are many options available to bankers to work with the customer to restructure the loan. Information from the national Office of the FSA provides a brief description of options, including: 1. restructuring, 2. reamortization, 3. interest rate reduction, 4. deferral, 5. interest assistance, and 6. debt write-down. Bankers are advised that they must seek prior written approval from local FSA officials before implementing any of these servicing options.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 1999
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