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Farm Operating Loans & Loan Guarantees
10.406
The Farm Service Agency (FSA) offers direct and guaranteed loans to farmers and ranchers to promote, build, and sustain family farms for a thriving agricultural economy. The goal of FSA’s farm loan program is to provide supervised credit and management assistance to eligible farmers to become owners or operators, or both, of family farms or to continue such operations when credit is not available elsewhere. Operating loans (OL) must be essential to the success of the farm operation and should establish and/or maintain financial viability. Guaranteed loans are available to farmers who may not meet loan qualifications from a commercial lender. Guaranteed loans are made and serviced by commercial lenders, such as banks, Farm Credit System institutions, or credit unions.
This chart shows obligations for the program by fiscal year. All data for this chart was provided by the
administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.
For more information on each of these data sources, please see the
About the data page.
The Agency estimates 22,764 Direct Operating Loans being made in FY 2015 for total obligations estimated at $1,252,100,000. Through 7-29-2015 there 20,624 loans made with a value of $1,163,611,000. The Agency estimates 4,848 Guaranteed Operating Loans being made in FY 2015 for total obligations estimated at $1,395,897,000. Through 7-29-2015 there were 4,365 loans made with a value of $1,253,046,000. Direct OL: $1,251,216,000 Guaranteed OL $1,365,450,000
Actual Direct Operating Loans made in FY 2016 were 22,681 with actual obligations of $1,251,216,000. Actual Guaranteed Operating Loans made in FY 2016 were 4,835 with actual obligations of $1,365,450,000.
Direct OL: $1,252,117,000 Guaranteed OL: $1,395,968,000 The Agency estimates 22,000 Direct Operating Loans being made in FY 2016 for total obligations estimated at $1,252,117,000. Through August 9, 2016, there were 21,736 loans made with a value of $1,242,491,000.
The Agency estimates 4,600 Guaranteed Operating Loans being made in FY 2016 for total obligations estimated at $1,395,968,000. Through August 9, 2016, there were 4,585 loans made with a value of $1,395,674,000.
Direct OL: $1,460,047,000 Guaranteed OL: $1,432,430,000 The Agency estimates 27,000 Direct Operating Loans being made in FY 2017 for total obligations estimated at $1,460,047,000.
The Agency estimates 5,000 Guaranteed Operating Loans being made in FY 2017 for total obligations estimated at $1,432,430,000.
In 2023, 12,284 Direct Operating Loans were approved for 9,974 applicants for a total of $921,610,578.
In 2023, 1,727 Guaranteed Operating Loans were made to 1,457 borrowers for total of $615,846,380
In 2024, 13,068 Direct Operating Loans were approved for 10,498 applicants for a total of $1,074,632,710.
In 2024, 1,845 Guaranteed Operating Loans were made to 1,505 borrowers for a total of $1,074,632,710.
In 2025, 1,970 Direct Operating Loans have been approved for 1,134 applicants for a total of $149,212,830.
For 2025, 1890 Guaranteed Operating Loans have been made to 1890 borrowers for a total of $765,286,697.
Single Audit Applies (2 CFR Part 200 Subpart F):
For additional information on single audit requirements for this program, review the current Compliance Supplement.
OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.
