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FSA expands Set-Aside Loan Provision for customers impacted by COVID-19

 


The USDA’s Farm Service Agency (FSA)will broaden the use of the Disaster Set-Aside (DSA) loan provision, normally used in the wake of natural disasters, to allow farmers with USDA farm loans who are affected by COVID-19, and are determined eligible, to have their next payment set aside. In some cases, FSA may also set aside a second payment for farmers who have already had one payment set aside because of a prior designated disaster.

“This immediate change of the Set-Aside provision can provide some welcome financial relief to borrowers during this current crisis,” said FSA Administrator Richard Fordyce. “FSA recognizes that some customers may need this option to improve their cas...



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