FSA program changes ease the way for customers to conduct businesswebmaster April 30, 2020 0 COMMENTS
By Gail M. Williams
Muleshoe Journal Correspondent
At this time, USDA’s Farm Service Agency (FSA) county offices are open by phone appointment only until further notice, and FSA staff is available to continue helping agricultural producers with program signups, loan servicing and other important actions. Additionally, FSA is relaxing the loan-making process and adding flexibilities for servicing direct and guaranteed loans to provide credit to producers in need.
FSA encourages producers to contact their county office to discuss these programs and temporary changes to farm loan deadlines and the loan servicing options available. For Service Center contact information, visit farmers.gov/coronavirus or call the Muleshoe office at 806-272-4538, ext 3, email Gunner.May@usda.gov.
Texas Agricultural Finance Authority Agricultural Loan Guarantee (ALG) Program
What are TAFA and the ALG Program? The Texas Agricultural Finance Authority (TAFA) was created in 1987 as a Public Authority within the Texas Department of Agriculture. In 2009, significant improvements were made to the program to increase its value and use by Texas agriculture. Through the Agricultural Loan Guarantee program, TAFA provides loan guarantees to lenders for eligible applicants who wish to establish or enhance their farm and/or ranch operation or an agriculture related business.
Texas Department of Agriculture/Agricultural Loan Program
Q. What’s the Agricultural Loan Guarantee (ALG) program?
A. The Agricultural Loan Guarantee, or ALG, Program provides a loan guarantee to a lender on behalf of a creditworthy agriculture producer or agriculture-related business.
Q. How do I apply?
A. Discuss the program with your lender and have them agree to submit an application on your behalf to TAFA.
Q. Is it for me?
A. Could be! Any agriculture producer or agriculture-related business that meets the lender’s underwriting criteria is eligible.
Q. Who is involved?
A. Any commercial lending bank or Farm Credit System lender may use this program.
For more information, contact: Texas Agricultural Finance Authority Trade & Business Development — Grants Office (512) 463-6908, Grants@TexasAgriculture.gov, www.TexasAgriculture.gov.