With a Direct Farm Ownership Loan, you can purchase farmland, construct or repair buildings and other fixtures, and promote soil and water conservation.
The maximum amount for Direct Farm Ownership Loans is $300,000.
Loan applicants may choose to participate in a joint financing plan. In this program, FSA lends up to 50 percent of the amount financed, and another lender provides the balance. FSA may charge an interest rate of not less than 4%.
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