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Government shutdown looms after Trump-backed bill fails; Environmental groups sue CA Air Resources Board over biogas credits; NY elected officials work to electrify municipal buildings; Need a mental health boost? Talking hot dog is here.

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President-elect Trump repeats his threats to jail Jan. 6th committee members, while also putting a stop-gap spending plan in jeopardy. A court removes Fani Willis from Trump's Georgia election interference case. The FAA restricts drones in New Jersey, and a Federal Reserve rate cut shakes markets.

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Rural folks could soon be shut out of loans for natural disasters if Project 2025 has its way, Taos, New Mexico weighs options for its housing shortage, and the top states providing America's Christmas trees revealed.

As FSA loan changes aim to support farmers, advocates say more needed

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Friday, November 8, 2024   

New federal loan adjustments aim to ease financial burdens for farmers but advocates said lasting change requires legislative action.

The U.S. Department of Agriculture recently announced changes to the Farm Service Agency's farm loan programs. The changes are designed to increase opportunities for farmers and ranchers to become financially viable by offering improved financing options for operating expenses, land and equipment purchases.

Velisha Jackson, a farmer and member of the Federation of Southern Cooperatives, said one of the most significant changes is the introduction of flexible repayment terms. She believes it is crucial for those who have struggled under the previous system.

"I think the flexible repayment terms, that is going to be major," Jackson emphasized. "You're talking about a population of farmers and landowners who often lost acreage because they missed a payment."

She noted another major benefit is having new guidance to help people navigate through the application process such as the addition of online tutorials and educational resources. As a part of the changes the Farm Service Agency is also offering debt refinancing options and limits how much collateral farmers need to provide, so they are not risking their homes and assets.

Jackson warned while the new rules are a step forward, they might not be permanent, which is why groups such as the National Family Farm Coalition and the Rural Advancement Foundation International are endorsing the Fair Credit for Farmers Act. The goal is to strengthen Farm Service Agency services further by improving access and accountability in farm loan services while bolstering farmer-borrower rights.

Jackson stressed passing the legislation is crucial for ensuring long-term support and equity in the agricultural sector.

"We have to have enough legislation to allow us to provide those food and food streams to support people," Jackson contended. "Whether it's in underserved communities where maybe they don't have access to food or even healthy or organic choices."

One way the legislation seeks to create better outcomes for farmers is by correcting the imbalance of power in the appeals process, shifting the burden of proof onto the Farm Service Agency rather than farmers.


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