WENATCHEE — The Farm Service Agency has set aside a portion of its farm loan program specifically for minorities and women to buy farms, equipment and livestock.
Funds may also be used by minorities and women to operate a farm, build or repair farm buildings, pay for soil and water conservation projects and, in some cases, refinance debts, said state FSA Executive Director Judy Olson.
Made by banks and other lenders, the loans are guaranteed by the FSA for up to 90 percent of any loss. Payback on a direct loan for a farm purchase may extend to 40 years, with operating loans stretched from one to seven years. Rates and terms will vary.
The FSA is a division of the U.S. Department of Agriculture with offices in Chelan and Douglas counties. For more info, call the Chelan County office at 664-9385.