USDA to use discretionary funds to keep loan guarantees flowing

In order to meet stronger-than-expected demand, the USDA will tap a $500-million discretionary fund so it can continue to issue loan guarantees for farm ownership, reported Agri-Pulse. Congress allotted $2 billion for the guarantees for this fiscal year but sharply lower farm income has prompted banks to ask for more federal loan guarantees, said Agri-Pulse.… » Read More

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