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Posts tagged: microloans

Farm Service Agency – Honored to Serve America’s Farmers and Ranchers

Several buildings suffer damage from a severe storm on the Goyings farm in Paulding County, OH on June 29, 2012. USDA photo by Christina Reed.

Several buildings suffer damage from a severe storm on the Goyings farm in Paulding County, OH on June 29, 2012. USDA photo by Christina Reed.

This post is part of a Microloan Success feature series on the USDA blog. Check back every Tuesday and Thursday as we showcase stories and news from USDA’s Farm Service Agency.

For the last few weeks we have shared stories about farmers and ranchers across the country that are benefitting from the Farm Service Agency (FSA) Microloan program. The stories highlighted new farmers starting out on their own, producers who follow a proud family tradition of working the land, and even one farmer who, at 92 years young, is finding new ways to keep growing — all with the help of the Microloan. The program allows beginning, small and mid-sized farmers to access up to $35,000 in loans using a simplified application process with up to seven years to repay.

Microloans are just one of many ways FSA is helping farmers and ranchers. We also offer Disaster Assistance. Producers around the country have suffered through two and a half difficult years with no disaster assistance because these programs were awaiting Congressional action. With the passing of the 2014 Farm Bill, eligible producers can sign up today to get help. Read more »

Microloan Helps Navajo Couple Continue Farming Tradition

Marilyn and Erik Simpson returned to the Navajo Reservation in Torreon, N.M., to help Marilyn’s aging parents and to grow their own farming operation that would benefit their family.

Marilyn and Erik Simpson returned to the Navajo Reservation in Torreon, N.M., to help Marilyn’s aging parents and to grow their own farming operation that would benefit their family.

This post is part of a Microloan Success feature series on the USDA blog. Check back every Tuesday and Thursday as we showcase stories and news from USDA’s Farm Service Agency.

Marilyn Simpson grew up on the Navajo Reservation in Torreon, N.M., where she learned all about farming from her parents who raised sheep and cows.

The youngest of eight children, Marilyn left the reservation, and her parents, to go to college in Arizona. That’s also where she met her husband Erik. After graduating, she and Erik moved back to Torreon to help Marilyn’s parents. Read more »

Kentucky Couple Says Thank You Berry Much

Jeff and Kim Essig gave their blueberry farm a boost with a microloan to help purchase equipment that will further expand their operation.

Jeff and Kim Essig gave their blueberry farm a boost with a microloan to help purchase equipment that will further expand their operation.

This post is part of a Microloan Success feature series on the USDA blog.  Check back every Tuesday and Thursday as we showcase stories and news from USDA’s Farm Service Agency.

USDA’s Microloan program allows beginning, small and mid-sized farmers to access up to $35,000 in loans using a simplified application process, and up to seven years to repay. Through the Farm Service Agency (FSA) USDA is focused on increasing opportunities for farmers and ranchers and has made several modifications to farm loan programs, including making Microloans to beginning farmers and veterans exempt from direct loan term limits. Producers have more flexible access to credit for initial start-up expenses, family living expenses, minor farm improvements and hoop houses to extend the growing season.

Kentucky couple Kim and Jeff Essig, owners of Middlebridge Blueberry Farm, know about the benefits of the Microloan program first-hand. Kim shares their story: Read more »

A Small Loan Builds Big Tradition on a Family Farm

William and Thomas Anderson in their current soybean field.

William and Thomas Anderson in their current soybean field.

This post is part of a Microloan Success feature series on the USDA blog.  Check back every Tuesday and Thursday as we showcase stories and news from USDA’s Farm Service Agency.

It is often stated that it is hard to start a farm and become a farmer.  You do not have to tell that to Anderson Brothers Grain, LLC.

William and Thomas Anderson of Anderson, S.C., are not only brothers but young, beginning farmers.  At the ripe old age of 18 and 20, the brothers farm 180 acres of small grains–something they have been doing since 2008 when they were teenagers farming 40 acres with assistance from their father Phil Anderson and grandfather William Martin.

Being that young with little collateral and no credit history proved a challenge for the brothers.  They didn’t want to rely on their parents or grandparents to secure financing. Read more »

S.C. Farmer Still Growing Strong after 92 Years, 6 Decades, and 1 Microloan

At 92, Malachi Duncan (center) is still farming in Union, S.C. Pictured with Duncan are Cinda DeHart, farm loan tech and John McComb, farm loan officer.

At 92, Malachi Duncan (center) is still farming in Union, S.C. Pictured with Duncan are Cinda DeHart, farm loan tech and John McComb, farm loan officer.

This post is part of a Microloan Success feature series on the USDA blog.  Check back every Tuesday and Thursday as we showcase stories and news from USDA’s Farm Service Agency.

For Malachi Duncan, life as a farmer is anything but boring. At age 92, he’s going strong and ready to do more.

“I was out on the tractor trying to locate a cow,” said Duncan, who farms 43 acres of his family’s land in Union, S.C.  It’s the same land he used to plow with mules before planting cotton, peanuts and corn.

“Back then, we didn’t have any tractors,” said Duncan. “Now, that was hard with long hours.  But we farmed to survive.” Read more »

Microloan Helps South Dakota Man Transition from Desk to Farm

David Hoff left his job to return to the farm and help his father. The Microloan helped Hoff acquire operating inputs when other lenders wouldn’t take a chance on him.

David Hoff left his job to return to the farm and help his father. The Microloan helped Hoff acquire operating inputs when other lenders wouldn’t take a chance on him.

This post is part of a Microloan Success feature series on the USDA blog.  Check back every Tuesday and Thursday as we showcase stories and news from USDA’s Farm Service Agency.

For David Hoff, farming was in his blood.  It had been 14 years since he worked on his family’s South Dakota farm.  He went off to college, earned a degree in business, landed a position in sales and, over the next 10 years, held leadership positions in sales for several companies.  But he had been thinking long and hard about returning to the 2,000 acre farm and rejoining the family operation.

Then in 2012, Hoff received the sad news of his uncle’s death.  His uncle had farmed with Hoff’s father in Hutchinson County, S.D. for years.  That’s when Hoff decided to return and help his father with the farm.

“This was a big change for us. I was used to bringing home a paycheck every two weeks and now that was going to change in a big way,” said Hoff. “There are no guarantees in farming and you can’t write down what you are going to make each year. My wife likes to have a clear plan and that was a challenge for her to overcome.” Read more »