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FSA Expands Set-Aside Loan Provision for Customers Impacted by COVID-19

Set-Aside Delays Loan Payments for One Month

WASHINGTON, May 21, 2020 – USDA’s Farm Service Agency (FSA) will broaden the use of the Disaster Set-Aside (DSA) loan provision, normally used in the wake of natural disasters, to allow farmers with USDA farm loans who are affected by COVID-19, and are determined eligible, to have their next payment set aside. In some cases, FSA may also set aside a second payment for farmers who have already had one payment set aside because of a prior designated disaster.

USDA Designates Six Texas Counties as Primary Natural Disaster Areas

This Secretarial natural disaster designation allows the United States Department of Agriculture (USDA) Farm Service Agency (FSA) to extend much-needed emergency credit to producers recovering from natural disasters through emergency loans. Emergency loans can be used to meet various recovery needs including the replacement of essential items such as equipment or livestock, reorganization of a farming operation or the refinance of certain debts.

USDA Offers Microloan Assistance to New Mexico Agricultural Producers for Wildfire Recovery

Albuquerque, NM, Sept. 20, 2022 – The USDA Farm Service Agency (FSA) in New Mexico offers operating microloans to farmers and ranchers directly impacted by the 2022 wildfires. Short-term access to capital through microloans can help producers recover while applications for other available disaster recovery programs are being processed and funds distributed.