The Iowa Farm Service Agency recently received national recognition for its exceptional delivery of Farm Loan Programs in fiscal year 2011. The award was one of only two national awards given by USDA for loan servicing. The award was accepted on behalf of the Iowa FSA by state executive director, John R. Whitaker, and Iowa FSA farm loan program director, Brian Gossling.
"In times of budget constraints, our Iowa FSA county offices lead the nation in finding a way to complete the required work and the mission of the agency," says Whitaker. "I'm proud of the efforts of the FSA employees in Iowa as we continually ask them to do more with fewer resources."
Iowa was one of 18 states to meet all of their loan writing and servicing goals in fiscal year 2011. In addition, during a time of limited staffing and resources, Iowa was one of only 2 states to complete 90% or more of the required portfolio servicing actions during fiscal year 2011. The award was presented by FSA administrator Bruce Nelson, and included a Certificate of Appreciation stating that Iowa "is recognized for their outstanding performance in completing 90% or more of the required routine servicing actions and meeting all loan servicing goals during FY 2011."
FSA provides loans, loan guarantees and business planning to farmers, ranchers
The Farm Service Agency provides loans, loan guarantees, and business planning to eligible farmers, ranchers, and others to promote, build and sustain family farms in support of a thriving agricultural economy. Iowa's direct loan portfolio has grown by $149 million over the last three years, including more than a 200% increase in loans to beginning farmers.
"The growth we have seen in our portfolio, as well as this national recognition, are evidence of our field staffs' dedication to farmers and rural communities. Proper loan servicing helps our customers be more profitable, meet their goals, and ultimately repay their loans," says Gossling.
FSA has a wide range of financial products for eligible applicants, including direct and guaranteed loans that can be used to purchase or improve real estate, finance livestock and machinery, and provide annual operating money. FSA also coordinates resources and tailors a financial solution that works for agriculture's unique lending situations. FSA specializes in:
Loans for beginning farmers, disaster recovery, operational financing, and farm ownership
Farm planning and counseling
Supervised financial planning services
Guaranteed loan products
Lending for niche markets and alternative crops.
For more information on farm loans or other programs offered by FSA, contact your local county FSA office or visit FSA online at http://www.fsa.usda.gov