the application. (The application consists of both short answer and essay
questions and requires veterans to submit a business plan.)
for the award announcements in April.
A webinar to review the application followed by a
Q&A session will be held Wednesday, February 13 at 2:30 p.m. PST.
Registration is limited to the first 500 participants, but a recording will be
posted to the Fellowship web page after it’s completed. To register, go to https://attendee.gotowebinar.com/register/8095158054240674827.
Until recently, applicants for an FSA direct farm ownership loan had to prove they participated in the operations of a farm for at least three years. Beginning farmers identified this eligibility requirement as a barrier to land access, as the requirement was not reflective of current realities for beginning farmers. However, the eligibility requirement has changed.
Now, a beginning farmer may substitute one year of the three-year requirement with a formal farm apprenticeship, operation or management of a non-farm business, leadership or management experience while serving in any branch of the military, advanced education in an agricultural field, or significant experience in a farm-related career.
Hopefully, this change will allow more beginning farmers access to direct loans from FSA. If you need any assistance, feel free to contact us — we’re happy to help!
Purchase of livestock, equipment, machinery or the like essential to the operation;
Minor improvements such as wells;
Delivery vehicles; and
The above is a small sampling of possibilities to use with microloan funding.
Also of note, microloan funding to beginning and military veteran farmers does not count towards the total number of years a farmer can receive assistance through FSA’s direct loan program. If you are not a beginning or military veteran farmer, the microloan counts towards the seven year limit in which a farmer can receive FSA direct loan assistance.
If you have any questions about microloans, please feel free to contact us. We’re always happy to answer your questions!