The USDA’s portion of the Biden administration’s proposed fiscal 2024 budget would provide $5.6 billion in guaranteed farm operating and ownership loans, the same amount USDA recommended for the 2023 budget cycle.
USDA budget would fund $5.6B guaranteed farm loans, $2B for B&I guarantees
March 10, 2023 / By ICBA
The USDA’s portion of the Biden administration’s proposed fiscal 2024 budget would provide $5.6 billion in guaranteed farm operating and ownership loans, the same amount USDA recommended for the 2023 budget cycle.
The USDA’s portion of the Biden administration’s proposed fiscal 2024 budget would provide $5.6 billion in guaranteed farm operating and ownership loans, the same amount USDA recommended for the 2023 budget cycle.
Details: The USDA budget:
Provides $2.118 billion in operating guarantees and $3.5 billion in ownership guarantees with only a net cost of $1 million to the government from operating loans.
Lays out several recommendations for beginning farmers.
Supports $2 billion in Business &Industry loan guarantees, an increase of $200 million from the 2023 level.
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