Ag producers have time to apply for Direct Farm Ownership Program

By Patti Finke
Special to The SUN

The U.S. Department of Agriculture (USDA) Colorado Farm Service Agency (FSA) executive director, Leland Swenson, announced that farmers and ranchers still have time to apply for low-interest loans available through the FSA Direct Farm Ownership Program. Applications must be approved by Sept. 30 to take advantage of the funding available.

Eligible farmers and ranchers can borrow up to $300,000 to buy farmland, construct or repair buildings, pay closing costs or promote soil and water conservation. The interest rate can be as low as 1.5 percent with up to 40 years to repay.

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This story was posted on June 4, 2015.