Posted June 08, 2020 09:47am
(KLZA)-- The USDA's Farm Service Agency will now have broader uses of the Disaster Set-Aside loan provision, normally used in the wake of natural disasters, to allow farmers with USDA farm loans who are affected by COVID-19, determined eligible to have their next payment set aside.
In some cases a second payment for farmers who have already had one payment set aside because of a prior disasters may be set aside by the FSA.
FSA direct loan borrowers will receive a letter with the details of the expanded Disaster Set-Aside program.
To discuss or request a loan payment Set-Aside, borrowers should call or email the farm loan staff at their local FSA county office.