Emergency FSA Loans

Emergency FSA loans are offered by the Farm Service Agency to owners of farms and ranches affected by natural disasters like floods or droughts. The fund is given to eligible applicants to help recover their business production and operation.

Eligibility Criteria

Borrower eligibility is not difficult.  A borrower must be a US citizen or a legal resident of the country and demonstrates a good credit history and repayment capability. The land that will provide the loan must be declared an official disaster or quarantine area by the President of the United States or the Secretary of Agriculture.  Furthermore, the inflicted damage cannot exceed 30% of the value, otherwise the application will be invalid.

Loan Amount and Term

A farmer or rancher can borrow up to $500,000.  The borrower is given anywhere between 1 to 7 years to repay the loan for losses for crops, livestock, or non-real estate particulars. Additionally, a repayment term of 20 to 40 years is provided for special circumstances such as physical damage of real estate.